CIBC Private Wealth Group LLC Sells 22,186 Shares of The Procter & Gamble Company (NYSE:PG)

CIBC Private Wealth Group LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 497,496 shares of the company’s stock after selling 22,186 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Procter & Gamble were worth $80,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Joseph Group Capital Management raised its stake in shares of Procter & Gamble by 12.7% during the fourth quarter. Joseph Group Capital Management now owns 26,101 shares of the company’s stock valued at $4,376,000 after acquiring an additional 2,947 shares in the last quarter. Life Planning Partners Inc bought a new stake in Procter & Gamble during the 4th quarter valued at $15,964,000. RWA Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 6.4% in the 4th quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company’s stock worth $45,587,000 after buying an additional 16,384 shares during the period. Schroder Investment Management Group grew its position in shares of Procter & Gamble by 3.1% during the 4th quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company’s stock worth $792,135,000 after buying an additional 142,574 shares in the last quarter. Finally, American Money Management LLC increased its stake in shares of Procter & Gamble by 14.1% during the fourth quarter. American Money Management LLC now owns 1,639 shares of the company’s stock valued at $275,000 after buying an additional 203 shares during the period. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. 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 note on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble 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. The trade was a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $167.94 on Monday. The stock has a 50-day moving average of $168.60 and a two-hundred day moving average of $169.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $393.80 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Procter & Gamble Company 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.