Amplius Wealth Advisors LLC Purchases 92 Shares of The Procter & Gamble Company (NYSE:PG)

Amplius Wealth Advisors LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,078 shares of the company’s stock after purchasing an additional 92 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,019,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $33,000. Costello Asset Management INC boosted its stake 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. bought a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $58,000. Mendota Financial Group LLC raised its holdings in shares of Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after purchasing an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in Procter & Gamble by 138.7% in the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after purchasing an additional 233 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler assumed coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Stock Performance

NYSE PG opened at $161.77 on Wednesday. The company has a market capitalization of $380.96 billion, a P/E ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company has a fifty day moving average of $169.09 and a 200-day moving average of $169.44.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction 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 owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,447 shares of company stock worth $12,978,820. 0.18% of the stock is currently owned by insiders.

Procter & Gamble 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.