Wolff Wiese Magana LLC Acquires 200 Shares of The Procter & Gamble Company (NYSE:PG)

Wolff Wiese Magana LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,940 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Procter & Gamble were worth $1,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PG. Smith Anglin Financial LLC raised its stake in shares of Procter & Gamble by 12.7% in the fourth quarter. Smith Anglin Financial LLC now owns 8,003 shares of the company’s stock valued at $1,342,000 after acquiring an additional 904 shares during the period. Apella Capital LLC raised its stake in shares of Procter & Gamble by 3.5% in the fourth quarter. Apella Capital LLC now owns 11,679 shares of the company’s stock valued at $1,958,000 after acquiring an additional 393 shares during the period. Founders Grove Wealth Partners LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $1,478,000. Meridian Financial Partners LLC raised its stake in shares of Procter & Gamble by 3.4% in the fourth quarter. Meridian Financial Partners LLC now owns 12,596 shares of the company’s stock valued at $2,112,000 after acquiring an additional 414 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Procter & Gamble by 47.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 25,322 shares of the company’s stock valued at $4,245,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PG. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. Eight 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 company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $159.75 on Thursday. The firm has a 50 day moving average of $169.40 and a 200 day moving average of $169.52. The stock has a market capitalization of $376.22 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during 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 for the quarter was down .6% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. Sell-side analysts forecast that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. 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 69.48%.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by insiders.

Procter & Gamble Company 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.