Darwin Wealth Management LLC Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Darwin Wealth Management LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 40,298 shares of the company’s stock after selling 1,637 shares during the quarter. Procter & Gamble comprises 1.6% of Darwin Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Darwin Wealth Management LLC’s holdings in Procter & Gamble were worth $5,905,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PG. BNC Wealth Management LLC raised its holdings in shares of Procter & Gamble by 1.6% in the third quarter. BNC Wealth Management LLC now owns 14,175 shares of the company’s stock valued at $2,068,000 after buying an additional 222 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Procter & Gamble by 7.0% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 52,179 shares of the company’s stock worth $7,611,000 after purchasing an additional 3,426 shares in the last quarter. Oak Harvest Investment Services raised its position in Procter & Gamble by 22.0% in the third quarter. Oak Harvest Investment Services now owns 47,773 shares of the company’s stock valued at $6,968,000 after purchasing an additional 8,615 shares during the last quarter. Monument Capital Management grew its stake in Procter & Gamble by 5.8% during the third quarter. Monument Capital Management now owns 20,978 shares of the company’s stock worth $3,060,000 after purchasing an additional 1,143 shares during the period. Finally, KMG Fiduciary Partners LLC grew its stake in Procter & Gamble by 2.1% in the third quarter. KMG Fiduciary Partners LLC now owns 64,712 shares of the company’s stock valued at $9,439,000 after acquiring an additional 1,324 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the transaction, the chief executive officer now directly owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 140,112 shares of company stock worth $22,841,321 over the last quarter. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Up 0.4 %

PG stock traded up $0.70 during midday trading on Friday, reaching $166.74. 896,687 shares of the company traded hands, compared to its average volume of 6,779,260. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business has a 50 day moving average of $160.33 and a 200-day moving average of $154.57. The firm has a market capitalization of $393.53 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $166.81.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share 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 quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s payout ratio is presently 65.69%.

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.