Banco de Sabadell S.A Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Banco de Sabadell S.A increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,079 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Procter & Gamble comprises about 1.7% of Banco de Sabadell S.A’s holdings, making the stock its 22nd largest position. Banco de Sabadell S.A’s holdings in Procter & Gamble were worth $2,194,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC lifted its stake in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at about $33,000. LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Atlantic Private Wealth LLC boosted its stake in Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the period. Finally, Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $39,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $166.60 on Friday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $390.66 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a fifty day simple moving average of $167.97 and a 200-day simple moving average of $169.69.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $21.66 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities 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. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.47.

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.