Thompson Investment Management Inc. is reducing its holdings in The Procter & Gamble Company (NYSE:PG)


Thompson Investment Management Inc. decreased its stake in The Procter & Gamble Company (NYSE:PG – Get Rating ) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,766 shares of the company’s stock after selling 1,141 shares during the quarter. The holdings of Thompson Investment Management Inc. in Procter & Gamble were worth $4,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Poplar Forest Capital LLC boosted its stake in shares of Procter & Gamble by 0.3% during the fourth quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock valued at $4,173,000 after acquiring an additional 64 shares during the period. Apeiron RIA LLC boosted its stake in shares of Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after acquiring an additional 64 shares during the period. Ambassador Advisors LLC lifted its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after acquiring an additional 65 shares during the period. Kovack Advisors Inc. raised its stake in shares of Procter & Gamble by 0.3% during the 4th quarter. Kovack Advisors Inc. now owns 19,098 shares of the company’s stock valued at $3,124,000 after acquiring an additional 66 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its stake in shares of Procter & Gamble by 2.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock valued at $452,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 63.64% of the company’s shares.

Several equities research analysts recently weighed in on PG shares. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Raymond James upped their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.64, according to MarketBeat.com.

Shares of NYSE:PG opened at $146.11 on Monday. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The company’s 50-day moving average is $147.31, and the 200-day moving average is $153.82. The company has a current ratio of 0.68, a quick ratio of 0.47, and a debt-to-equity ratio of 0.53. The company has a market cap of $350.56 billion, a PE ratio of 25.50, a P/E/G ratio of 4.13 and a beta of 0.40.

Procter & Gamble (NYSE: PG – Get Rating ) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.69 billion. During the same period in the previous year, the firm reported $1.26 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a $0.9133 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $3.65 annual dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is currently 63.70%.

In other news, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the completion of the transaction, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 108,415 shares of company stock worth $17,777,055. Company insiders own 0.51% of the company’s shares.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia Pacific, China, India, the Middle East and Africa. It operates in five segments: beauty; Haircut; Healthcare; Fabrics and home care; and care for the baby, woman and family.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)



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