Signature Estate & Investment Advisors LLC Cuts Stake in The Procter & Gamble Company (NYSE:PG)

Signature Estate & Investment Advisors LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,269 shares of the company's stock after selling 10,493 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Procter & Gamble were worth $1,554,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewSquare Capital LLC lifted its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $33,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC grew its holdings in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after acquiring an additional 101 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $39,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PG shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Finally, DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.82.

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Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.74 on Friday, reaching $167.97. The stock had a trading volume of 2,735,239 shares, compared to its average volume of 6,879,883. The business's 50 day moving average is $168.47 and its two-hundred day moving average is $169.46. 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 Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a market cap of $393.87 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. 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 the consensus estimate of $21.66 billion. During the same period last year, the firm earned $1.84 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.01%.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were 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 directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

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.