Commonwealth Equity Services LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Commonwealth Equity Services LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,776,990 shares of the company’s stock after buying an additional 68,061 shares during the period. Commonwealth Equity Services LLC owned approximately 0.08% of Procter & Gamble worth $297,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. VanWeelden Wealth Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $1,785,000. DecisionMap Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $912,000. IAG Wealth Partners LLC increased its stake in Procter & Gamble by 153.0% in the fourth quarter. IAG Wealth Partners LLC now owns 468 shares of the company’s stock valued at $78,000 after acquiring an additional 283 shares during the last quarter. CFO4Life Group LLC raised its position in Procter & Gamble by 0.7% during the fourth quarter. CFO4Life Group LLC now owns 18,659 shares of the company’s stock valued at $3,128,000 after purchasing an additional 122 shares in the last quarter. Finally, Lazard Freres Gestion S.A.S. grew its position in Procter & Gamble by 13.0% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 300,209 shares of the company’s stock valued at $50,330,000 after acquiring an additional 34,645 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PG shares. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target 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. Finally, Piper Sandler cut 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, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, 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. Insiders have sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 2.8 %

PG opened at $168.35 on Thursday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $167.16 and its two-hundred day moving average is $169.83. The company has a market capitalization of $394.75 billion, a P/E ratio of 26.81, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during 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%. Procter & Gamble’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. Analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s payout ratio is 64.01%.

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.