M. Kulyk & Associates LLC Cuts Stake in The Procter & Gamble Company (NYSE:PG)

M. Kulyk & Associates LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,649 shares of the company’s stock after selling 758 shares during the period. Procter & Gamble makes up about 1.6% of M. Kulyk & Associates LLC’s holdings, making the stock its 19th biggest holding. M. Kulyk & Associates LLC’s holdings in Procter & Gamble were worth $7,485,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Argentarii LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at $2,218,000. Jackson Hole Capital Partners LLC boosted its position in Procter & Gamble by 1.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 15,643 shares of the company’s stock valued at $2,623,000 after buying an additional 221 shares during the period. Horan Securities Inc. boosted its position in Procter & Gamble by 0.6% during the 4th quarter. Horan Securities Inc. now owns 47,855 shares of the company’s stock valued at $8,023,000 after buying an additional 290 shares during the period. OFI Invest Asset Management purchased a new stake in Procter & Gamble during the 4th quarter valued at $34,856,000. Finally, Barings LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at $343,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $176.06 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company’s 50-day moving average is $166.85 and its 200 day moving average is $169.77. The company has a market capitalization of $412.84 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the firm posted $1.84 EPS. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Piper Sandler decreased their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.11.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by insiders.

About Procter & Gamble

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.