IHT Wealth Management LLC Trims Stake in The Procter & Gamble Company (NYSE:PG)

IHT Wealth Management LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,144 shares of the company's stock after selling 19,240 shares during the quarter. IHT Wealth Management LLC's holdings in Procter & Gamble were worth $10,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings in shares of Procter & Gamble by 2.0% during the 4th quarter. Stifel Financial Corp now owns 4,506,764 shares of the company's stock worth $755,571,000 after acquiring an additional 87,770 shares during the period. OneDigital Investment Advisors LLC grew its stake in Procter & Gamble by 31.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 107,959 shares of the company's stock worth $18,099,000 after purchasing an additional 25,715 shares during the period. Select Asset Management & Trust bought a new position in Procter & Gamble in the fourth quarter worth $236,000. TD Waterhouse Canada Inc. lifted its position in Procter & Gamble by 6.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 494,279 shares of the company's stock valued at $82,876,000 after buying an additional 31,319 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Procter & Gamble by 49.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 181,799 shares of the company's stock valued at $30,479,000 after buying an additional 59,881 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

PG has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of 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. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Truist Financial upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, DA Davidson reissued a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Procter & Gamble Stock Performance

Shares of PG traded down $2.22 during trading hours on Wednesday, hitting $165.66. The stock had a trading volume of 9,307,451 shares, compared to its average volume of 7,043,904. The firm has a market capitalization of $388.46 billion, a PE ratio of 26.38, a PEG ratio of 3.76 and a beta of 0.43. 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 Procter & Gamble Company has a 12 month low of $156.69 and a 12 month high of $180.43. The stock has a fifty day moving average price of $168.31 and a 200 day moving average price of $168.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm 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 business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.55%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.20%.

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.