The Procter & Gamble Company (NYSE:PG) Shares Sold by Jensen Investment Management Inc.

Jensen Investment Management Inc. cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,729,493 shares of the company’s stock after selling 113,876 shares during the quarter. Procter & Gamble accounts for 2.6% of Jensen Investment Management Inc.’s portfolio, making the stock its 18th largest position. Jensen Investment Management Inc. owned about 0.07% of Procter & Gamble worth $289,950,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Berkshire Asset Management LLC PA increased its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after purchasing an additional 2,179 shares during the period. Strategic Advisors LLC boosted its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after acquiring an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble during the 3rd quarter worth $668,000. Fortem Financial Group LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $569,000. Finally, Richard C. Young & CO. LTD. boosted its stake in shares of Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after acquiring an additional 2,568 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG opened at $168.20 on Monday. The stock has a market cap of $394.39 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $167.27 and a 200 day moving average price of $169.81.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler reduced their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.47.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.