The Procter & Gamble Company (NYSE:PG) Shares Sold by Aries Wealth Management

Aries Wealth Management cut its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,924 shares of the company’s stock after selling 2,104 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Aries Wealth Management’s investment portfolio, making the stock its 23rd biggest position. Aries Wealth Management’s holdings in Procter & Gamble were worth $3,066,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dfpg Investments LLC raised its position in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares during the period. Garrett Wealth Advisory Group LLC boosted its stake in shares of Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after purchasing an additional 260 shares during the period. N.E.W. Advisory Services LLC increased its stake in Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after buying an additional 12,016 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after acquiring an additional 131,339 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Procter & Gamble by 26.9% in the second quarter. Royal Bank of Canada now owns 10,823,380 shares of the company’s stock valued at $1,642,339,000 after acquiring an additional 2,293,824 shares in the last quarter. 63.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.41.

View Our Latest Analysis on Procter & Gamble

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by company insiders.

Procter & Gamble Price Performance

PG traded up $0.72 during trading hours on Tuesday, hitting $161.93. The company’s stock had a trading volume of 849,212 shares, compared to its average volume of 6,903,310. The business’s 50-day moving average price is $156.82 and its 200-day moving average price is $151.75. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $162.73. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The stock has a market cap of $381.02 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.29 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating 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 quarter in the previous year, the company posted $1.59 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a $0.9407 dividend. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

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

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

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