Dynasty Wealth Management LLC Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Dynasty Wealth Management LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,706 shares of the company’s stock after buying an additional 203 shares during the period. Dynasty Wealth Management LLC’s holdings in Procter & Gamble were worth $1,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares during the period. Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after purchasing an additional 1,760,214 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Procter & Gamble during the 3rd quarter valued at about $301,950,000. Proficio Capital Partners LLC lifted its holdings in shares of Procter & Gamble by 25,115.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,736,857 shares of the company’s stock worth $291,184,000 after buying an additional 1,729,969 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its position in shares of Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $172.07 on Friday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a market capitalization of $403.48 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $166.17 and a two-hundred day simple moving average of $169.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the previous year, the firm posted $1.84 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.42.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was 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 directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.