National Bank of Canada FI Boosts Stake in The Procter & Gamble Company (NYSE:PG)

National Bank of Canada FI raised its position in The Procter & Gamble Company (NYSE:PG) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,551,046 shares of the company’s stock after purchasing an additional 284,768 shares during the quarter. National Bank of Canada FI owned 0.07% of Procter & Gamble worth $268,638,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in Procter & Gamble by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after acquiring an additional 4,035 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Procter & Gamble during the third quarter worth $5,705,000. Welch Group LLC increased its holdings in Procter & Gamble by 0.9% in the third quarter. Welch Group LLC now owns 323,870 shares of the company’s stock valued at $56,094,000 after buying an additional 2,990 shares during the last quarter. Swiss National Bank raised its stake in Procter & Gamble by 0.6% in the third quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock valued at $1,213,403,000 after buying an additional 39,000 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in Procter & Gamble by 20.3% during the 3rd quarter. Curi RMB Capital LLC now owns 21,655 shares of the company’s stock worth $3,751,000 after buying an additional 3,652 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,080 shares of company stock valued at $14,629,038 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PG shares. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, DA Davidson raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $209.00 in a report on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Stock Down 1.2 %

PG opened at $173.83 on Friday. The business’s fifty day simple moving average is $170.75 and its 200 day simple moving average is $169.34. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $180.43. The firm has a market cap of $409.38 billion, a P/E ratio of 29.97, a PEG ratio of 3.77 and a beta of 0.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.