Iron Horse Wealth Management LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Iron Horse Wealth Management LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 14.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,460 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Procter & Gamble were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PG. HighPoint Advisor Group LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $17,696,000. Dfpg Investments LLC boosted its holdings in shares of Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Campbell Wealth Management grew its position in shares of Procter & Gamble by 13.1% in the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after purchasing an additional 231 shares during the period. Herold Advisors Inc. lifted its position in Procter & Gamble by 2.2% during the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after buying an additional 581 shares during the period. Finally, Metis Global Partners LLC boosted its stake in Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after buying an additional 15,599 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.0 %

Shares of NYSE:PG traded down $1.70 during midday trading on Friday, reaching $164.92. The company had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market capitalization of $389.23 billion, a P/E ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42. The stock’s fifty day moving average price is $165.60 and its 200-day moving average price is $158.81.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. BNP Paribas began coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is owned by insiders.

About Procter & Gamble

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.