Biltmore Family Office LLC Sells 326 Shares of The Procter & Gamble Company (NYSE:PG)

Biltmore Family Office LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,420 shares of the company’s stock after selling 326 shares during the period. Procter & Gamble accounts for about 0.7% of Biltmore Family Office LLC’s investment portfolio, making the stock its 26th largest position. Biltmore Family Office LLC’s holdings in Procter & Gamble were worth $4,094,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PG. Disciplined Investors L.L.C. bought a new position in Procter & Gamble during the fourth quarter valued at $628,000. Nottingham Advisors Inc. grew its holdings in Procter & Gamble by 11.6% during the 4th quarter. Nottingham Advisors Inc. now owns 3,365 shares of the company’s stock valued at $564,000 after purchasing an additional 351 shares during the last quarter. SevenBridge Financial Group LLC raised its position in Procter & Gamble by 2.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 31,726 shares of the company’s stock worth $5,375,000 after purchasing an additional 737 shares during the period. OneAscent Financial Services LLC lifted its stake in Procter & Gamble by 35.5% in the fourth quarter. OneAscent Financial Services LLC now owns 25,879 shares of the company’s stock worth $4,339,000 after purchasing an additional 6,787 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Procter & Gamble by 3.5% during the fourth quarter. Huntington National Bank now owns 964,484 shares of the company’s stock valued at $161,696,000 after buying an additional 32,662 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PG. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Piper Sandler lowered their price objective 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. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.82.

Procter & Gamble Trading Down 0.5 %

NYSE PG opened at $169.74 on Thursday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $398.02 billion, a PE ratio of 27.03, a P/E/G ratio of 3.76 and a beta of 0.41. The firm’s fifty day moving average is $169.07 and its two-hundred day moving average is $169.27. 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 posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 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 firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the business earned $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.