Daner Wealth Management LLC Takes $373,000 Position in The Procter & Gamble Company (NYSE:PG)

Daner Wealth Management LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,228 shares of the company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $33,000. Bay Harbor Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after purchasing an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $46,000. Costello Asset Management INC lifted its holdings in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after purchasing an additional 300 shares in the last quarter. Finally, DecisionPoint Financial LLC lifted its holdings in shares of Procter & Gamble by 46.7% in the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler dropped their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company upped 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, JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.42.

Procter & Gamble Trading Up 1.3 %

Shares of NYSE:PG opened at $172.70 on Wednesday. The company has a market cap of $404.95 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 0.45. The stock’s 50-day moving average is $166.07 and its 200-day moving average is $169.46. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

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.