Scott & Selber Inc. Has $2.64 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Scott & Selber Inc. lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 15,730 shares of the company’s stock after selling 456 shares during the quarter. Scott & Selber Inc.’s holdings in Procter & Gamble were worth $2,637,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PG. Charles Schwab Investment Management Inc. increased its holdings in Procter & Gamble by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company’s stock worth $2,830,252,000 after purchasing an additional 459,437 shares in the last quarter. State of Michigan Retirement System grew its holdings in Procter & Gamble by 3.2% during the fourth quarter. State of Michigan Retirement System now owns 661,737 shares of the company’s stock worth $110,940,000 after buying an additional 20,600 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Procter & Gamble by 3.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 291,204 shares of the company’s stock valued at $48,820,000 after buying an additional 9,429 shares during the last quarter. Wernau Asset Management Inc. bought a new position in Procter & Gamble during the 4th quarter valued at $2,475,000. Finally, Meridian Wealth Management LLC boosted its holdings in Procter & Gamble by 1.1% during the 4th quarter. Meridian Wealth Management LLC now owns 58,796 shares of the company’s stock worth $9,857,000 after acquiring an additional 644 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus upped their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Stock Performance

Shares of PG stock opened at $175.50 on Tuesday. The firm’s 50 day moving average is $166.44 and its 200 day moving average is $169.61. The stock has a market capitalization of $411.52 billion, a P/E ratio of 27.95, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 earnings per share. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Activity

In related news, CEO Gary A. Coombe sold 18,000 shares of the business’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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, 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. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 over the last ninety days. Company 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.