509 Shares in The Procter & Gamble Company (NYSE:PG) Bought by IMG Wealth Management Inc.

IMG Wealth Management Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 509 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SlateStone Wealth LLC lifted its position in Procter & Gamble by 3.8% during the fourth quarter. SlateStone Wealth LLC now owns 47,197 shares of the company’s stock valued at $7,913,000 after buying an additional 1,722 shares during the period. GWN Securities Inc. purchased a new position in Procter & Gamble during the fourth quarter valued at $3,127,000. Van Hulzen Asset Management LLC lifted its position in Procter & Gamble by 658.1% during the fourth quarter. Van Hulzen Asset Management LLC now owns 120,258 shares of the company’s stock valued at $20,161,000 after buying an additional 104,395 shares during the period. Glenview Trust co lifted its position in Procter & Gamble by 0.9% during the fourth quarter. Glenview Trust co now owns 301,750 shares of the company’s stock valued at $50,588,000 after buying an additional 2,651 shares during the period. Finally, Patten & Patten Inc. TN lifted its position in Procter & Gamble by 1.2% during the fourth quarter. Patten & Patten Inc. TN now owns 27,987 shares of the company’s stock valued at $4,692,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.2 %

Shares of NYSE:PG opened at $168.20 on Monday. The stock has a market capitalization of $394.39 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock’s 50-day simple moving average is $167.27 and its two-hundred day simple moving average is $169.81. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last announced 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 business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given 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 2.39%. Procter & Gamble’s payout ratio is 64.01%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PG shares. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. 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. Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays raised their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

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.