Bcwm LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Bcwm LLC bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,657 shares of the company's stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. United Bank increased its holdings in shares of Procter & Gamble by 7.4% in the fourth quarter. United Bank now owns 14,351 shares of the company's stock worth $2,406,000 after purchasing an additional 984 shares during the last quarter. Joseph Group Capital Management increased its stake in Procter & Gamble by 12.7% in the 4th quarter. Joseph Group Capital Management now owns 26,101 shares of the company's stock worth $4,376,000 after acquiring an additional 2,947 shares during the last quarter. Life Planning Partners Inc purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $15,964,000. RWA Wealth Partners LLC boosted its position in shares of Procter & Gamble by 6.4% during the 4th quarter. RWA Wealth Partners LLC now owns 271,919 shares of the company's stock valued at $45,587,000 after acquiring an additional 16,384 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Procter & Gamble by 3.1% in the fourth quarter. Schroder Investment Management Group now owns 4,724,935 shares of the company's stock worth $792,135,000 after purchasing an additional 142,574 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value 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. The trade was a 61.35 % decrease in their position. 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. 0.18% of the stock is currently owned by insiders.

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Procter & Gamble Stock Up 1.5 %

NYSE PG traded up $2.46 during trading on Monday, reaching $170.49. 11,520,034 shares of the company's stock traded hands, compared to its average volume of 6,907,768. The company's 50 day simple moving average is $168.60 and its two-hundred day simple moving average is $169.31. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a market cap of $399.78 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 - Get Free Report) 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 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 quarter last year, the firm earned $1.84 EPS. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler lowered their price target 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, Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $181.82.

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.