Schroder Investment Management Group Has $792.14 Million Stake in The Procter & Gamble Company (NYSE:PG)

Schroder Investment Management Group grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,724,935 shares of the company’s stock after buying an additional 142,574 shares during the period. Procter & Gamble makes up 0.8% of Schroder Investment Management Group’s investment portfolio, making the stock its 23rd biggest holding. Schroder Investment Management Group owned about 0.20% of Procter & Gamble worth $792,135,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PG. Howard Capital Management Group LLC boosted its stake in Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after buying an additional 82 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank increased its holdings in shares of Procter & Gamble by 1.7% during the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after buying an additional 219 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at $824,000. Finally, Cynosure Group LLC acquired a new position in shares of Procter & Gamble during the third quarter worth approximately $328,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $167.94 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a fifty day simple moving average of $168.60 and a 200 day simple moving average of $169.35. The stock has a market capitalization of $393.80 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (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 business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at $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. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last quarter. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PG shares. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler cut their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.82.

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.