HUB Investment Partners LLC Sells 276 Shares of The Procter & Gamble Company (NYSE:PG)

HUB Investment Partners LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,019 shares of the company’s stock after selling 276 shares during the period. HUB Investment Partners LLC’s holdings in Procter & Gamble were worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Berkshire Asset Management LLC PA grew its holdings in Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC increased its stake in Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after buying an additional 1,818 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in Procter & Gamble in the 3rd quarter valued at about $668,000. Fortem Financial Group LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $569,000. Finally, Richard C. Young & CO. LTD. increased its stake in Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after buying an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $168.66 on Thursday. The firm has a market capitalization of $395.47 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The business has a 50 day simple moving average of $167.71 and a 200-day simple moving average of $169.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Insider Buying and Selling at Procter & Gamble

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

Procter & Gamble 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.