The Procter & Gamble Company (NYSE:PG) Stock Holdings Lessened by IFG Advisory LLC

IFG Advisory LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,859 shares of the company’s stock after selling 1,908 shares during the period. IFG Advisory LLC’s holdings in Procter & Gamble were worth $2,617,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PG. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the 2nd quarter valued at $50,000. CGC Financial Services LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $55,000. VitalStone Financial LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $60,000. Finally, RVW Wealth LLC acquired a new stake in Procter & Gamble during the 3rd quarter valued at $77,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PG. UBS Group boosted their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Stock Up 1.3 %

PG stock opened at $162.61 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $162.74. The company has a 50-day moving average of $158.17 and a two-hundred day moving average of $152.09. The stock has a market capitalization of $382.62 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Procter & Gamble Profile

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.