The Procter & Gamble Company (NYSE:PG) Shares Sold by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 94.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 247 shares of the company’s stock after selling 4,498 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Procter & Gamble were worth $41,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble in the second quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the third quarter valued at $33,000. Costello Asset Management INC lifted its position in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in Procter & Gamble in the second quarter valued at $58,000. Finally, Mendota Financial Group LLC lifted its position in Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

PG stock opened at $161.35 on Friday. The company’s 50 day simple moving average is $169.19 and its 200-day simple moving average is $169.38. The firm has a market capitalization of $379.98 billion, a PE ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PG. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays reduced their target price on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday. Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, UBS Group reduced their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $179.65.

Insider Activity

In related news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock worth $13,317,460 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

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.