Axxcess Wealth Management LLC Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Axxcess Wealth Management LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,421 shares of the company’s stock after purchasing an additional 1,806 shares during the period. Axxcess Wealth Management LLC’s holdings in Procter & Gamble were worth $16,333,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Edgemoor Investment Advisors Inc. raised its stake in shares of Procter & Gamble by 5.2% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 4,463 shares of the company’s stock valued at $748,000 after acquiring an additional 220 shares during the period. Flagship Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $1,021,000. Wealth Architects LLC grew its holdings in shares of Procter & Gamble by 36.5% in the fourth quarter. Wealth Architects LLC now owns 10,770 shares of the company’s stock valued at $1,806,000 after purchasing an additional 2,880 shares in the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. Cozad Asset Management Inc. now owns 15,468 shares of the company’s stock valued at $2,593,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Curio Wealth LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $92,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 1.0 %

PG stock opened at $169.70 on Tuesday. The company has a fifty day moving average price of $167.45 and a 200 day moving average price of $169.81. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market cap of $397.92 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the business earned $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research reports. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler dropped their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.47.

About Procter & Gamble

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.