Mn Services Vermogensbeheer B.V. Increases Position in The Procter & Gamble Company (NYSE:PG)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 930,927 shares of the company’s stock after purchasing an additional 19,200 shares during the period. Procter & Gamble makes up approximately 1.1% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 14th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Procter & Gamble were worth $156,070,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at about $33,000. Bay Harbor Wealth Management LLC grew its holdings in shares of Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after buying an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $46,000. Costello Asset Management INC raised its holdings in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC lifted its position in Procter & Gamble by 46.7% in the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after acquiring an additional 105 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.7 %

Procter & Gamble stock opened at $171.36 on Thursday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a market capitalization of $401.81 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.76 and a beta of 0.45. The firm has a 50 day moving average of $166.11 and a 200 day moving average of $169.47. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) 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 firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the prior year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble’s payout ratio is 64.01%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PG shares. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler cut their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.42.

About Procter & Gamble

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.