FMA Wealth Management LLC Invests $514,000 in The Procter & Gamble Company (NYSE:PG)

FMA Wealth Management LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,510 shares of the company’s stock, valued at approximately $514,000. Procter & Gamble makes up 0.5% of FMA Wealth Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Advantage Trust Co bought a new position in Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $29,000. Naples Money Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $33,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble 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 transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,320 shares of company stock valued at $25,535,744. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 0.1 %

Shares of Procter & Gamble stock traded down $0.14 during midday trading on Friday, hitting $165.35. The company’s stock had a trading volume of 3,818,270 shares, compared to its average volume of 6,647,756. The firm has a market capitalization of $390.25 billion, a P/E ratio of 27.07, a PEG ratio of 3.41 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $168.54. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $161.75 and a 200-day simple moving average of $155.85.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for 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 quarter in the prior year, the company earned $1.37 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

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.