Life Planning Partners Inc Invests $15.96 Million in The Procter & Gamble Company (NYSE:PG)

Life Planning Partners Inc bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,225 shares of the company’s stock, valued at approximately $15,964,000. Procter & Gamble makes up approximately 2.2% of Life Planning Partners Inc’s portfolio, making the stock its 9th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. RWA Wealth Partners LLC lifted its holdings in Procter & Gamble by 6.4% in the fourth quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company’s stock worth $45,587,000 after buying an additional 16,384 shares during the period. Schroder Investment Management Group raised its position in shares of Procter & Gamble by 3.1% in the 4th quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company’s stock worth $792,135,000 after acquiring an additional 142,574 shares in the last quarter. American Money Management LLC boosted its position in shares of Procter & Gamble by 14.1% during the fourth quarter. American Money Management LLC now owns 1,639 shares of the company’s stock valued at $275,000 after purchasing an additional 203 shares in the last quarter. MV Capital Management Inc. grew its stake in Procter & Gamble by 0.4% in the fourth quarter. MV Capital Management Inc. now owns 25,200 shares of the company’s stock worth $4,225,000 after purchasing an additional 99 shares during the period. Finally, Allianz SE bought a new position in Procter & Gamble in the fourth quarter worth $17,827,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PG shares. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Piper Sandler reduced 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. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.82.

Procter & Gamble Trading Down 0.5 %

Procter & Gamble stock opened at $167.94 on Friday. The business has a 50-day simple moving average of $168.60 and a two-hundred day simple moving average of $169.35. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $393.80 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.76 and a beta of 0.41.

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, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the business’s 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 transaction, the chief executive officer now directly 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 sale was disclosed in a legal 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 that occurred on 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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. 0.18% of the stock is currently owned by company insiders.

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.