ARQ Wealth Advisors LLC Trims Stake in The Procter & Gamble Company (NYSE:PG)

ARQ Wealth Advisors LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,658 shares of the company’s stock after selling 75 shares during the period. ARQ Wealth Advisors LLC’s holdings in Procter & Gamble were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advantage Trust Co acquired a new position in Procter & Gamble during the 4th quarter worth $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $29,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth $33,000. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,544 shares of company stock worth $25,413,051. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PG shares. Jefferies Financial Group lifted their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Performance

PG traded up $0.38 on Friday, hitting $166.79. 3,694,974 shares of the company traded hands, compared to its average volume of 4,965,412. The company has a 50 day moving average of $163.40 and a 200-day moving average of $157.46. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $393.65 billion, a PE ratio of 27.26, a PEG ratio of 3.38 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.41%. Procter & Gamble’s payout ratio is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.