Godshalk Welsh Capital Management Inc. Has $2.46 Million Stake in The Procter & Gamble Company (NYSE:PG)

Godshalk Welsh Capital Management Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,645 shares of the company’s stock after selling 290 shares during the quarter. Procter & Gamble makes up approximately 1.6% of Godshalk Welsh Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Godshalk Welsh Capital Management Inc.’s holdings in Procter & Gamble were worth $2,455,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC boosted its holdings in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after purchasing an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC boosted its stake in shares of Procter & Gamble by 3.2% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after buying an additional 62 shares during the last quarter. Tevis Investment Management grew its holdings in shares of Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after acquiring an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA increased its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after acquiring an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $166.48 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $168.31 and a 200 day simple moving average of $169.47. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock has a market cap of $390.38 billion, a P/E ratio of 26.51, a PEG ratio of 3.76 and a beta of 0.41.

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 company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts anticipate 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 given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company’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. This represents a 44.94 % decrease in their position. 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 company’s 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 completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Piper Sandler cut their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $181.47.

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.