Motley Fool Wealth Management LLC Decreases Position in The Procter & Gamble Company (NYSE:PG)

Motley Fool Wealth Management LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 18.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,205 shares of the company’s stock after selling 4,311 shares during the period. Motley Fool Wealth Management LLC’s holdings in Procter & Gamble were worth $2,825,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Mendota Financial Group LLC raised its holdings in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the last quarter. Finally, Morton Brown Family Wealth LLC grew its position in Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after buying an additional 281 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $151,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders sold 100,865 shares of company stock worth $16,029,280 over the last 90 days. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PG shares. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. UBS Group boosted their target price 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. Raymond James boosted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Price Performance

PG traded down $1.26 during trading on Friday, hitting $161.29. 5,659,784 shares of the company traded hands, compared to its average volume of 6,820,118. The company has a market cap of $380.67 billion, a PE ratio of 26.35, a P/E/G ratio of 3.30 and a beta of 0.44. The stock’s 50-day simple moving average is $159.64 and its two-hundred day simple moving average is $153.51. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.50%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

About Procter & Gamble

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.