The Procter & Gamble Company (NYSE:PG) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in The Procter & Gamble Company (NYSE:PG) by 26.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,444 shares of the company’s stock after purchasing an additional 724 shares during the quarter. Versant Capital Management Inc’s holdings in Procter & Gamble were worth $577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Old Port Advisors lifted its stake in shares of Procter & Gamble by 12.7% in the 4th quarter. Old Port Advisors now owns 4,024 shares of the company’s stock valued at $675,000 after purchasing an additional 453 shares in the last quarter. Hiley Hunt Wealth Management acquired a new position in Procter & Gamble during the third quarter valued at approximately $207,000. Brass Tax Wealth Management Inc. grew its stake in Procter & Gamble by 0.3% during the third quarter. Brass Tax Wealth Management Inc. now owns 49,582 shares of the company’s stock worth $8,588,000 after buying an additional 131 shares during the period. 1ST Source Bank increased its position in shares of Procter & Gamble by 10.4% in the third quarter. 1ST Source Bank now owns 55,872 shares of the company’s stock worth $9,677,000 after acquiring an additional 5,255 shares in the last quarter. Finally, DGS Capital Management LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at $267,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a report on Monday, September 30th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.45.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 in the last ninety days. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $165.98 on Friday. The company has a market cap of $390.89 billion, a PE ratio of 28.62, a P/E/G ratio of 3.70 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The firm has a 50-day simple moving average of $170.34 and a 200 day simple moving average of $169.87. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.31%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.