The Procter & Gamble Company (NYSE:PG) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its position in The Procter & Gamble Company (NYSE:PG) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,674 shares of the company’s stock after selling 140 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Procter & Gamble were worth $17,214,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $33,000. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter worth about $34,000. Atlantic Private Wealth LLC raised its holdings in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the period. Finally, Noble Wealth Management PBC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $39,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $165.73 on Tuesday. The firm has a market cap of $388.61 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The stock’s 50-day moving average is $168.11 and its two-hundred day moving average is $169.58. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the company earned $1.84 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PG shares. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $181.47.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 in the last quarter. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.