Rede Wealth LLC Acquires 73 Shares of The Procter & Gamble Company (NYSE:PG)

Rede Wealth LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,524 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Procter & Gamble makes up about 0.5% of Rede Wealth LLC’s investment portfolio, making the stock its 28th largest position. Rede Wealth LLC’s holdings in Procter & Gamble were worth $956,000 at the end of the most recent reporting period.

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

Procter & Gamble Stock Up 0.2 %

Shares of NYSE:PG opened at $160.53 on Wednesday. The company has a market capitalization of $377.73 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 3.27 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The business’s 50-day moving average is $157.95 and its 200-day moving average is $152.04. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $162.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays upped their target price on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group assumed coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by insiders.

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.