Watchman Group Inc. Sells 301 Shares of The Procter & Gamble Company (NYSE:PG)

Watchman Group Inc. lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,019 shares of the company’s stock after selling 301 shares during the quarter. Watchman Group Inc.’s holdings in Procter & Gamble were worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Schroder Investment Management Group increased its position in Procter & Gamble by 3.1% during the 4th quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company’s stock valued at $792,135,000 after buying an additional 142,574 shares in the last quarter. American Money Management LLC increased its position in Procter & Gamble by 14.1% during the fourth quarter. American Money Management LLC now owns 1,639 shares of the company’s stock valued at $275,000 after acquiring an additional 203 shares during the last quarter. MV Capital Management Inc. raised its position in Procter & Gamble by 0.4% in the fourth quarter. MV Capital Management Inc. now owns 25,200 shares of the company’s stock worth $4,225,000 after acquiring an additional 99 shares during the period. Allianz SE bought a new stake in Procter & Gamble during the 4th quarter worth approximately $17,827,000. Finally, WealthTrak Capital Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $45,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler cut their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.82.

Procter & Gamble Price Performance

NYSE:PG opened at $167.94 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $393.80 billion, a PE ratio of 26.74, a P/E/G ratio of 3.76 and a beta of 0.41. The stock has a 50 day moving average price of $168.60 and a 200 day moving average price of $169.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. Equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 over the last 90 days. 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.