The Procter & Gamble Company (NYSE:PG) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,003 shares of the company’s stock after selling 4,996 shares during the quarter. Procter & Gamble accounts for 1.3% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 13th biggest holding. MassMutual Private Wealth & Trust FSB’s holdings in Procter & Gamble were worth $47,781,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after acquiring an additional 4,035 shares during the period. Copley Financial Group Inc. acquired a new stake in Procter & Gamble in the third quarter valued at $668,000. Fortem Financial Group LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $569,000. Nordea Investment Management AB raised its stake in shares of Procter & Gamble by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after buying an additional 201,695 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Procter & Gamble by 3.4% in the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after buying an additional 6,077 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

PG opened at $161.77 on Wednesday. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The firm has a 50 day moving average price of $169.09 and a 200 day moving average price of $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market cap of $380.96 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. UBS Group cut their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $179.65.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,447 shares of company stock worth $12,978,820. 0.18% of the stock is currently owned by corporate insiders.

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.