RWA Wealth Partners LLC Has $45.59 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

RWA Wealth Partners LLC boosted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,919 shares of the company's stock after acquiring an additional 16,384 shares during the quarter. Procter & Gamble comprises about 0.6% of RWA Wealth Partners LLC's holdings, making the stock its 29th largest holding. RWA Wealth Partners LLC's holdings in Procter & Gamble were worth $45,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC grew its holdings in Procter & Gamble by 1.0% during the 3rd 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 in the last quarter. Principal Financial Group Inc. increased its holdings in Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after buying an additional 608,168 shares during the last quarter. United Bank raised its stake in Procter & Gamble by 1.7% during the third 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 bought a new position in Procter & Gamble during the 3rd quarter worth approximately $824,000. Finally, Cynosure Group LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $328,000. 65.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on PG shares. Wells Fargo & Company lifted their price objective 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. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. 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 MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $181.82.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm'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 transaction, the insider now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the company'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 sale, the chief executive officer now directly owns 22,051 shares of the company's stock, 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. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last three months. Insiders own 0.18% of the company's stock.

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 were exchanged, compared to its average volume of 6,907,768. The firm has a market capitalization of $399.78 billion, a PE ratio of 27.15, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $168.60 and its 200-day simple moving average is $169.31.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS 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 the consensus estimate of $21.66 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.

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.