The Procter & Gamble Company (NYSE:PG) Shares Sold by Prosperitas Financial LLC

Prosperitas Financial LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,319 shares of the company’s stock after selling 645 shares during the quarter. Prosperitas Financial LLC’s holdings in Procter & Gamble were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Axiom Financial Strategies LLC boosted its holdings in Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after purchasing an additional 113 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after acquiring an additional 233 shares during the period. LSV Asset Management boosted its holdings in shares of Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares during the period. Ergoteles LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its holdings in shares of Procter & Gamble by 12.0% in the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after acquiring an additional 455 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PG. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Wells Fargo & Company increased their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Royal Bank of Canada increased their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.53.

Procter & Gamble Stock Up 0.2 %

Shares of PG traded up $0.34 during trading on Tuesday, reaching $155.79. The company’s stock had a trading volume of 1,330,856 shares, compared to its average volume of 6,787,559. The company has a fifty day moving average of $159.27 and a two-hundred day moving average of $152.70. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company has a market cap of $366.58 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 3.18 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $21.48 billion. During the same period in the prior year, the company posted $1.59 EPS. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble 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.