Rothschild & Co. Asset Management US Inc. Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

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Rothschild & Co. Asset Management US Inc. trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 51.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,540 shares of the company’s stock after selling 283,886 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in The Procter & Gamble were worth $36,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in The Procter & Gamble by 54.8% during the first quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock worth $2,297,142,000 after buying an additional 7,392,929 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of The Procter & Gamble in the 2nd quarter valued at about $588,945,000. Two Sigma Advisers LP grew its stake in shares of The Procter & Gamble by 171.9% in the 2nd quarter. Two Sigma Advisers LP now owns 3,722,500 shares of the company’s stock valued at $445,099,000 after buying an additional 2,353,200 shares during the period. FMR LLC grew its stake in shares of The Procter & Gamble by 8.0% in the 2nd quarter. FMR LLC now owns 23,587,275 shares of the company’s stock valued at $2,820,331,000 after buying an additional 1,737,306 shares during the period. Finally, Nordea Investment Management AB boosted its stake in The Procter & Gamble by 60.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,842,376 shares of the company’s stock valued at $337,618,000 after purchasing an additional 1,067,627 shares during the last quarter. 62.81% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Berenberg Bank restated a “hold” rating and issued a $156.00 target price on shares of The Procter & Gamble in a research note on Thursday, October 22nd. Morgan Stanley boosted their target price on shares of The Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Royal Bank of Canada reissued a “neutral” rating and set a $128.00 target price on shares of The Procter & Gamble in a report on Tuesday, October 20th. Barclays reaffirmed a “buy” rating on shares of The Procter & Gamble in a report on Sunday, August 2nd. Finally, Truist upped their target price on shares of The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $144.50.

In other news, VP Valarie L. Sheppard sold 4,688 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total transaction of $648,256.64. Following the sale, the vice president now directly owns 26,704 shares in the company, valued at approximately $3,692,629.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Insiders have sold a total of 498,214 shares of company stock worth $70,239,802 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

PG stock traded up $0.65 on Tuesday, hitting $143.08. The company had a trading volume of 162,892 shares, compared to its average volume of 8,202,316. The stock’s 50-day simple moving average is $141.19 and its 200 day simple moving average is $129.38. The stock has a market cap of $353.17 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 3.53 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $94.34 and a 12-month high of $146.92. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The business had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $18.38 billion. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. Research analysts forecast that The Procter & Gamble Company will post 5.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 16th. Stockholders of record on Friday, October 23rd were paid a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

The Procter & Gamble Company Profile

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 The Procter & Gamble (NYSE:PG)

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