The Procter & Gamble Company (NYSE:PG) Shares Sold by Wealth Quarterback LLC

Wealth Quarterback LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,397 shares of the company’s stock after selling 284 shares during the quarter. Wealth Quarterback LLC’s holdings in Procter & Gamble were worth $644,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PG. Schroder Investment Management Group lifted its position in shares of Procter & Gamble by 11.6% in the fourth quarter. Schroder Investment Management Group now owns 2,956,063 shares of the company’s stock valued at $433,181,000 after acquiring an additional 306,452 shares in the last quarter. Prudential PLC lifted its holdings in Procter & Gamble by 0.9% in the 4th quarter. Prudential PLC now owns 162,831 shares of the company’s stock valued at $23,861,000 after purchasing an additional 1,463 shares in the last quarter. Broderick Brian C boosted its stake in Procter & Gamble by 1.0% during the 4th quarter. Broderick Brian C now owns 87,665 shares of the company’s stock worth $12,846,000 after purchasing an additional 827 shares during the last quarter. Delaney Dennis R raised its position in shares of Procter & Gamble by 2.1% in the fourth quarter. Delaney Dennis R now owns 44,362 shares of the company’s stock valued at $6,501,000 after buying an additional 896 shares during the last quarter. Finally, NCM Capital Management LLC raised its holdings in Procter & Gamble by 11.9% in the 4th quarter. NCM Capital Management LLC now owns 4,864 shares of the company’s stock valued at $713,000 after acquiring an additional 516 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.8 %

NYSE:PG traded down $1.38 during midday trading on Friday, reaching $167.09. The company had a trading volume of 4,557,652 shares, compared to its average volume of 6,594,380. The stock’s fifty day simple moving average is $162.51 and its 200-day simple moving average is $156.91. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The firm has a market capitalization of $394.36 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.37 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PG. Argus upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Company Profile

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.