Chelsea Counsel Co. has a $3.61 million stake in The Procter & Gamble Company (NYSE:PG)


Chelsea Counsel Co. cut its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 13.9% during the fourth quarter, the company said in its latest filing with the SEC. The fund owned 24,648 shares of the company, after selling 3,979 shares during the quarter. Procter & Gamble comprises 1.9% of Chelsea Counsel Co.’s portfolio, making it the 15th largest holding company. The interests of Chelsea Counsel Co. in Procter & Gamble were worth $3,612,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PG. Advantage Trust Co acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $33,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $33,000. 65.77% of the shares are currently held by institutional investors.

Insider activity

In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the CEO now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the CEO now owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the SEC, available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23. The stock sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The explanation of this sale can be found here. Last quarter, insiders sold 154,544 shares of the company’s stock, valued at $25,413,051. Currently, 0.17% of the shares are owned by insiders.

Analysts set new price targets

PG has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Procter & Gamble shares in a research note on Friday, March 1. They set a “neutral” rating and a $168.00 price target for the stock. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11. Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23. Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22. Finally, StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of ‘Moderate Buy’ and a consensus target price of $169.76.

Read our latest stock analysis on PG

Procter & Gamble price performance

PG opened at $166.82 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market cap of $393.72 billion, a price-to-earnings ratio of 27.26, a price-to-earnings growth ratio of 3.38 and a beta of 0.42. The company’s 50-day simple moving average is $163.40 and its 200-day simple moving average is $157.46. The Procter & Gamble Company has a one-year low of $141.45 and a one-year high of $168.97.

Procter & Gamble (NYSE:PG – Get Free Report) last reported its quarterly earnings data on Friday, April 19. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s quarterly revenue increased 0.6% compared to the same quarter last year. During the same period last year, the company earned $1.37 in earnings per share. Sell-side analysts expect The Procter & Gamble Company to post earnings per share of 6.55 for the current fiscal year.

Procter & Gamble increases dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15. Shareholders of record on Friday, April 19, received a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a dividend of $4.03 annually and a yield of 2.41%. Procter & Gamble’s dividend payout ratio currently stands at 65.85%.

Procter & Gamble Company Profile

(Free report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It works through five segments: beauty; To polish; Healthcare; Substances and home care; and infant, feminine and family care. The Beauty segment offers conditioners, shampoos, styling aids and treatments under the brands Head & Shoulders, Herbal Essences, Pantene and Rejoice; and antiperspirants and deodorants, personal cleansing and skin care products under the Olay, Old Spice, Safeguard, Secret and SK-II brands.

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



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