The Procter & Gamble Company (NYSE:PG) Shares Bought by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 23.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,275 shares of the company’s stock after acquiring an additional 241 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Procter & Gamble were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently weighed in on PG. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Barclays raised their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Check Out Our Latest Report on Procter & Gamble

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $160.57 on Wednesday. The stock has a fifty day moving average price of $159.25 and a two-hundred day moving average price of $152.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a market cap of $377.82 billion, a P/E ratio of 26.90, a PEG ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The business 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 was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.59 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal 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. This represents a $3.76 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Procter & Gamble Profile

(Free Report)

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.

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

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