SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $940,000 in The Procter & Gamble Company (NYSE:PG)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,608 shares of the company's stock, valued at approximately $940,000. Procter & Gamble comprises about 0.9% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's portfolio, making the stock its 26th biggest holding.

A number of other hedge funds also recently modified their holdings of PG. Swedbank AB increased its holdings in Procter & Gamble by 3.9% during the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock worth $260,432,000 after purchasing an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC increased its stake in Procter & Gamble by 1.0% in 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 during the last quarter. Principal Financial Group Inc. grew its position 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 worth $820,031,000 after acquiring an additional 608,168 shares in the last quarter. United Bank boosted 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 acquiring an additional 219 shares during the period. Finally, Lynx Investment Advisory increased its stake in Procter & Gamble by 2.8% in the 3rd quarter. Lynx Investment Advisory now owns 3,045 shares of the company's stock worth $527,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction 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 approximately $3,829,817.68. This trade represents 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 worth $23,988,008 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PG shares. Stifel Nicolaus lifted their target price 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. Finally, Piper Sandler cut their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $181.47.

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Procter & Gamble Stock Down 1.8 %

Shares of NYSE:PG opened at $173.07 on Wednesday. The business has a 50-day moving average price of $167.14 and a 200 day moving average price of $169.84. The company has a market capitalization of $405.83 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month 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.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.33%. Procter & Gamble's payout ratio 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.

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