2,289 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Veridan Wealth LLC

Veridan Wealth LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,289 shares of the company’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Waterway Wealth Management LLC raised its position in Procter & Gamble by 14.0% during the fourth quarter. Waterway Wealth Management LLC now owns 4,354 shares of the company’s stock worth $730,000 after acquiring an additional 535 shares during the last quarter. Mills Wealth Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $203,000. Dynasty Wealth Management LLC raised its position in Procter & Gamble by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,706 shares of the company’s stock worth $1,292,000 after acquiring an additional 203 shares during the last quarter. First American Bank raised its position in shares of Procter & Gamble by 1.1% in the fourth quarter. First American Bank now owns 133,923 shares of the company’s stock valued at $22,452,000 after buying an additional 1,508 shares during the last quarter. Finally, Fielder Capital Group LLC raised its position in shares of Procter & Gamble by 7.0% in the fourth quarter. Fielder Capital Group LLC now owns 12,100 shares of the company’s stock valued at $2,029,000 after buying an additional 794 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Piper Sandler lowered their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.42.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE:PG opened at $172.07 on Friday. 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 Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company’s fifty day moving average is $166.17 and its two-hundred day moving average is $169.49. The stock has a market capitalization of $403.48 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.