REDW Wealth LLC Sells 2,427 Shares of The Procter & Gamble Company (NYSE:PG)

REDW Wealth LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 52.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,190 shares of the company’s stock after selling 2,427 shares during the period. REDW Wealth LLC’s holdings in Procter & Gamble were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Procter & Gamble by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815,243 shares of the company’s stock worth $304,325,000 after purchasing an additional 272,461 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 90,502 shares of the company’s stock worth $15,173,000 after buying an additional 1,106 shares in the last quarter. Enterprise Financial Services Corp lifted its position in shares of Procter & Gamble by 15.0% during the 4th quarter. Enterprise Financial Services Corp now owns 10,439 shares of the company’s stock worth $1,750,000 after buying an additional 1,359 shares during the period. Argentarii LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $2,218,000. Finally, Jackson Hole Capital Partners LLC grew its position in Procter & Gamble by 1.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 15,643 shares of the company’s stock valued at $2,623,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $176.06 on Monday. The firm has a fifty day moving average of $166.85 and a two-hundred day moving average of $169.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market capitalization of $412.84 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.76 and a beta of 0.41. 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 earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of 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 upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.11.

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.