Signal Advisors Wealth LLC Boosts Holdings in Procter & Gamble Company (The) $PG

Signal Advisors Wealth LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,644 shares of the company’s stock after acquiring an additional 3,623 shares during the period. Signal Advisors Wealth LLC’s holdings in Procter & Gamble were worth $3,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter valued at about $25,000. Saranac Partners Ltd purchased a new stake in Procter & Gamble in the 3rd quarter worth about $30,000. Corundum Trust Company INC bought a new stake in Procter & Gamble in the third quarter worth about $32,000. Caitlin John LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Tuesday, February 17th. Piper Sandler assumed coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Rothschild & Co Redburn upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Finally, Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.33.

Check Out Our Latest Stock Report on PG

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $142.33 on Friday. The firm’s 50 day simple moving average is $153.96 and its 200-day simple moving average is $150.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The firm has a market cap of $330.77 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 4.81 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is 62.67%.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by company insiders.

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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