The Procter & Gamble Company (NYSE:PG) Shares Sold by Wiser Wealth Management Inc

Wiser Wealth Management Inc decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 12.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,675 shares of the company’s stock after selling 372 shares during the period. Wiser Wealth Management Inc’s holdings in Procter & Gamble were worth $448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the second quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $33,000. Quest Partners LLC acquired a new position in shares of Procter & Gamble in the second quarter worth $36,000. Costello Asset Management INC increased its position in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the period. Finally, William B. Walkup & Associates Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at $58,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.0 %

Shares of PG stock opened at $159.75 on Thursday. The company has a market capitalization of $376.22 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $169.40 and its two-hundred day moving average is $169.52. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 yield of 2.52%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 69.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler initiated coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research report on Monday, September 30th. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 75,439 shares of company stock valued at $13,317,460. Corporate insiders own 0.18% of the company’s stock.

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.