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

ERTS Wealth Advisors LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the company’s stock after selling 592 shares during the period. ERTS Wealth Advisors LLC’s holdings in Procter & Gamble were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC lifted its position in shares of Procter & Gamble by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 149,382 shares of the company’s stock worth $21,890,000 after purchasing an additional 3,573 shares in the last quarter. Colonial River Wealth Management LLC increased its stake in shares of Procter & Gamble by 12.4% in the fourth quarter. Colonial River Wealth Management LLC now owns 10,231 shares of the company’s stock worth $1,499,000 after buying an additional 1,126 shares during the last quarter. Buck Wealth Strategies LLC increased its stake in shares of Procter & Gamble by 20.2% in the fourth quarter. Buck Wealth Strategies LLC now owns 46,881 shares of the company’s stock worth $6,870,000 after buying an additional 7,864 shares during the last quarter. Patten & Patten Inc. TN increased its stake in shares of Procter & Gamble by 3.6% in the fourth quarter. Patten & Patten Inc. TN now owns 29,365 shares of the company’s stock worth $4,303,000 after buying an additional 1,022 shares during the last quarter. Finally, TIAA Trust National Association increased its stake in shares of Procter & Gamble by 3.3% in the fourth quarter. TIAA Trust National Association now owns 309,854 shares of the company’s stock worth $45,406,000 after buying an additional 9,971 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 2.7 %

Procter & Gamble stock opened at $156.16 on Thursday. The company has a 50-day simple moving average of $159.46 and a 200-day simple moving average of $152.40. The firm has a market capitalization of $367.45 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.28 and a beta of 0.44. 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 Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14.

Procter & Gamble (NYSE:PGGet Free Report) last posted 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 the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Raymond James lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.35.

Check Out Our Latest Stock Report on PG

About Procter & Gamble

(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.

Further Reading

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

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