Wambolt & Associates LLC Sells 6,485 Shares of The Procter & Gamble Company (NYSE:PG)

Wambolt & Associates LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,448 shares of the company’s stock after selling 6,485 shares during the period. Procter & Gamble accounts for about 1.0% of Wambolt & Associates LLC’s portfolio, making the stock its 29th largest position. Wambolt & Associates LLC’s holdings in Procter & Gamble were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock worth $1,442,000 after purchasing an additional 82 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after acquiring an additional 608,168 shares in the last quarter. United Bank lifted its stake in Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after acquiring an additional 219 shares during the period. Algert Global LLC bought a new position in Procter & Gamble during the 3rd quarter worth about $824,000. Finally, Larson Financial Group LLC increased its position in Procter & Gamble by 14.8% during the 3rd quarter. Larson Financial Group LLC now owns 15,016 shares of the company’s stock valued at $2,601,000 after purchasing an additional 1,934 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction 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 $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective 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. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler decreased 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 report on Monday, February 24th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Stock Down 0.6 %

PG opened at $165.73 on Tuesday. The company has a market cap of $388.61 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a 50-day moving average price of $168.11 and a 200 day moving average price of $169.58. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping 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 firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

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.