Equitable Holdings Inc. Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Equitable Holdings Inc. increased its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,791 shares of the company’s stock after buying an additional 1,588 shares during the period. Equitable Holdings Inc.’s holdings in Procter & Gamble were worth $5,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. North Star Asset Management Inc. raised its position in Procter & Gamble by 1.4% in the fourth quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock valued at $3,078,000 after purchasing an additional 258 shares during the period. Liberty One Investment Management LLC raised its position in Procter & Gamble by 2.9% in the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock valued at $21,754,000 after purchasing an additional 3,754 shares during the period. Adviser Investments LLC raised its position in Procter & Gamble by 3.1% in the fourth quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock valued at $9,840,000 after purchasing an additional 1,793 shares during the period. Kestra Private Wealth Services LLC raised its position in Procter & Gamble by 8.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock valued at $13,590,000 after purchasing an additional 6,550 shares during the period. Finally, Bar Harbor Trust Services raised its position in Procter & Gamble by 6.9% in the fourth quarter. Bar Harbor Trust Services now owns 15,659 shares of the company’s stock valued at $2,562,000 after purchasing an additional 1,006 shares during the period. 63.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of PG traded down $5.89 during mid-day trading on Wednesday, reaching $148.79. 145,596 shares of the company’s stock traded hands, compared to its average volume of 8,364,493. The business’s 50-day moving average price is $155.26 and its 200-day moving average price is $155.33. The stock has a market capitalization of $356.99 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.34 and a beta of 0.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The Procter & Gamble Company has a 12 month low of $131.94 and a 12 month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The company had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is 63.70%.

Several brokerages have recently weighed in on PG. Credit Suisse Group raised their target price on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Zacks Investment Research downgraded Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 target price for the company. in a research note on Tuesday, March 29th. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $165.00 in a research note on Wednesday, March 30th. Royal Bank of Canada lifted their price target on Procter & Gamble from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 20th. Finally, Morgan Stanley lifted their price target on Procter & Gamble from $161.00 to $177.00 and gave the stock an “overweight” rating in a research note on Thursday, January 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $165.47.

In related news, Chairman David S. Taylor sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the sale, the chairman now owns 253,933 shares of the company’s stock, valued at $41,777,057.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,515 shares of company stock worth $20,862,606. Corporate insiders own 0.51% of the company’s stock.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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