Potentia Wealth Purchases New Position in The Procter & Gamble Company (NYSE:PG)

Potentia Wealth purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,381 shares of the company's stock, valued at approximately $567,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. boosted its stake in Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after purchasing an additional 608,168 shares during the period. United Bank grew its holdings in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after buying an additional 219 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth about $824,000. Finally, Larson Financial Group LLC grew its stake in Procter & Gamble by 14.8% during the third quarter. Larson Financial Group LLC now owns 15,016 shares of the company's stock valued at $2,601,000 after acquiring an additional 1,934 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. DA Davidson restated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $181.47.

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Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm's 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 transaction, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on 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 directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 1.7 %

Shares of NYSE PG traded down $2.75 during mid-day trading on Tuesday, hitting $162.90. The stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50 day moving average price of $168.17 and a two-hundred day moving average price of $169.49. The firm has a market cap of $381.98 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 annualized dividend and a yield of 2.47%. Procter & Gamble's payout ratio is 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.