Larson Financial Group LLC Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Larson Financial Group LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 15,100 shares of the company’s stock after purchasing an additional 84 shares during the quarter. Larson Financial Group LLC’s holdings in Procter & Gamble were worth $2,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC raised its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble in the third quarter valued at approximately $33,000. Noble Wealth Management PBC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $39,000. Bay Harbor Wealth Management LLC boosted its stake in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $46,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.11.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.8 %

NYSE:PG opened at $176.06 on Friday. The stock’s 50 day moving average price is $166.85 and its 200 day moving average price is $169.77. The company has a market capitalization of $412.84 billion, a PE ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. Procter & Gamble’s payout ratio is 64.01%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.