Mesirow Financial Investment Management Inc. Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Mesirow Financial Investment Management Inc. increased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,149 shares of the company’s stock after buying an additional 152 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Procter & Gamble were worth $10,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Swedbank AB raised its position in shares of Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock worth $260,432,000 after buying an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC increased its stake in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after acquiring an additional 82 shares during the last quarter. Trademark Financial Management LLC increased its stake in Procter & Gamble by 9.0% in the third quarter. Trademark Financial Management LLC now owns 1,362 shares of the company’s stock valued at $236,000 after acquiring an additional 112 shares during the last quarter. D.B. Root & Company LLC increased its stake in Procter & Gamble by 8.6% in the third quarter. D.B. Root & Company LLC now owns 3,344 shares of the company’s stock valued at $579,000 after acquiring an additional 264 shares during the last quarter. Finally, Forte Capital LLC ADV increased its stake in Procter & Gamble by 7.0% in the third quarter. Forte Capital LLC ADV now owns 4,270 shares of the company’s stock valued at $739,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $174.50 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $166.72 and its 200-day moving average price is $169.72. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The stock has a market cap of $409.17 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released 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 for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.31%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on PG shares. Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.11.

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.