The Procter & Gamble Company (NYSE:PG) Stock Position Decreased by Tower View Wealth Management LLC

Tower View Wealth Management LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,739 shares of the company’s stock after selling 709 shares during the quarter. Tower View Wealth Management LLC’s holdings in Procter & Gamble were worth $1,130,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PG. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter worth $33,000. Noble Wealth Management PBC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $39,000. Bay Harbor Wealth Management LLC boosted its stake in shares of Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $46,000. Finally, Costello Asset Management INC boosted its position in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Piper Sandler decreased their target price 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. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.11.

Procter & Gamble Price Performance

NYSE PG opened at $173.84 on Friday. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The stock’s 50-day moving average is $166.29 and its two-hundred day moving average is $169.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $407.63 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating 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 company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s payout ratio is presently 64.01%.

Procter & Gamble Profile

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.