Canvas Wealth Advisors LLC Invests $227,000 in The Procter & Gamble Company (NYSE:PG)

Canvas Wealth Advisors LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,509 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors also recently bought and sold shares of the business. Proquility Private Wealth Partners LLC grew its position in Procter & Gamble by 1.1% in the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after acquiring an additional 66 shares in the last quarter. KFA Private Wealth Group LLC lifted its stake in Procter & Gamble by 2.2% during the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after purchasing an additional 67 shares during the last quarter. Chemistry Wealth Management LLC lifted its stake in Procter & Gamble by 1.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock worth $856,000 after purchasing an additional 67 shares during the last quarter. Watchman Group Inc. lifted its stake in Procter & Gamble by 0.4% in the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after buying an additional 68 shares during the last quarter. Finally, Auxier Asset Management lifted its stake in Procter & Gamble by 0.3% in the third quarter. Auxier Asset Management now owns 20,448 shares of the company’s stock valued at $2,983,000 after buying an additional 68 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PG shares. Wells Fargo & Company boosted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Stifel Nicolaus lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada boosted their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Trading Up 1.0 %

Shares of Procter & Gamble stock traded up $1.58 during trading on Wednesday, hitting $162.13. The company’s stock had a trading volume of 844,402 shares, compared to its average volume of 6,803,938. 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 $162.73. The stock has a market cap of $381.50 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The stock has a 50-day moving average price of $157.95 and a two-hundred day moving average price of $152.04.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Procter & Gamble Company 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.