Great Lakes Retirement Inc. Has $1.25 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Great Lakes Retirement Inc. reduced its position in The Procter & Gamble Company (NYSE:PG) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,522 shares of the company’s stock after selling 139 shares during the period. Great Lakes Retirement Inc.’s holdings in Procter & Gamble were worth $1,249,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter worth $50,000. CGC Financial Services LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $55,000. VitalStone Financial LLC acquired a new position in Procter & Gamble in the second quarter valued at about $60,000. Finally, RVW Wealth LLC bought a new position in Procter & Gamble during the third quarter worth about $77,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock valued at $43,187,745 over the last 90 days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 0.1 %

Shares of NYSE:PG traded down $0.14 during midday trading on Thursday, reaching $162.47. The company had a trading volume of 3,422,378 shares, compared to its average volume of 6,844,717. The business’s 50 day moving average price is $158.17 and its 200 day moving average price is $152.09. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market cap of $382.30 billion, a PE ratio of 27.18, a P/E/G ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Royal Bank of Canada boosted their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Truist Financial raised 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 report on Monday, March 11th. Finally, Barclays increased their target price on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.41.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.