Redwood Financial Network Corp Has $207,000 Position in The Procter & Gamble Company (NYSE:PG)

Redwood Financial Network Corp decreased its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,417 shares of the company’s stock after selling 71 shares during the quarter. Redwood Financial Network Corp’s holdings in Procter & Gamble were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Axiom Financial Strategies LLC boosted its stake in Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after acquiring an additional 113 shares during the last quarter. AMI Investment Management Inc. boosted its stake in Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares during the last quarter. LSV Asset Management boosted its stake in Procter & Gamble by 5.7% during the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,000 shares during the last quarter. Ergoteles LLC bought a new position in Procter & Gamble during the 1st quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its stake in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after acquiring an additional 455 shares during the last quarter. 63.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares in the company, valued at approximately $1,490,602.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the transaction, the chief executive officer now directly owns 24,438 shares of the company’s stock, valued at approximately $3,750,499.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now directly owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,658 shares of company stock valued at $42,921,732. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.1 %

Shares of NYSE:PG opened at $158.21 on Tuesday. The company’s 50-day moving average price is $149.55 and its two-hundred day moving average price is $150.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $159.60. The stock has a market capitalization of $372.27 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. During the same period in the previous year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Analyst Ratings Changes

Several research firms recently weighed in on PG. Truist Financial lifted their price objective on shares of Procter & Gamble from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Raymond James lifted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Stifel Nicolaus lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Jefferies Financial Group initiated coverage on Procter & Gamble in a report on Monday, November 13th. They set a “buy” rating and a $177.00 price objective on the stock. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

View Our Latest Report on Procter & Gamble

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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