Crowley Wealth Management Inc. Invests $475,000 in The Procter & Gamble Company (NYSE:PG)

Crowley Wealth Management Inc. bought a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,833 shares of the company's stock, valued at approximately $475,000.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble during the 3rd quarter worth approximately $33,000. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC boosted its position in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after buying an additional 101 shares during the period. Finally, Noble Wealth Management PBC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.47.

Procter & Gamble Stock Performance

NYSE:PG traded down $2.63 during midday trading on Tuesday, reaching $163.02. The stock had a trading volume of 3,045,843 shares, compared to its average volume of 6,476,854. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The stock has a market cap of $382.25 billion, a P/E ratio of 25.96, a P/E/G ratio of 3.76 and a beta of 0.41. 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 firm has a fifty day simple moving average of $168.11 and a two-hundred day simple moving average of $169.58.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the prior year, the company posted $1.84 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.01%.

Procter & Gamble Company 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.