J. Safra Sarasin Holding AG Acquires 13,027 Shares of Procter & Gamble Company (The) $PG

J. Safra Sarasin Holding AG grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 430,744 shares of the company’s stock after purchasing an additional 13,027 shares during the period. J. Safra Sarasin Holding AG’s holdings in Procter & Gamble were worth $61,753,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after buying an additional 1,419,322 shares during the period. State Street Corp increased its stake in Procter & Gamble by 0.4% during the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after acquiring an additional 370,872 shares during the period. Franklin Resources Inc. increased its stake in Procter & Gamble by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares during the period. Legal & General Group Plc raised its holdings in Procter & Gamble by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock valued at $2,543,839,000 after acquiring an additional 189,968 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 1.4%

Shares of PG opened at $144.76 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80. The firm has a market cap of $336.43 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.77 and a beta of 0.37. The business’s fifty day moving average is $153.93 and its 200-day moving average is $149.97.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, January 23rd. 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 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that 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 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the transaction, the insider directly owned 30,215 shares in the company, valued at approximately $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,618 shares of company stock worth $55,462,643 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler started coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price on the stock. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price objective for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.83.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.