Simplicity Wealth LLC Decreases Holdings in The Procter & Gamble Company (NYSE:PG)

Simplicity Wealth LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,775 shares of the company's stock after selling 15,745 shares during the quarter. Simplicity Wealth LLC's holdings in Procter & Gamble were worth $2,645,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in PG. NewSquare Capital LLC increased its stake in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $39,000. Bay Harbor Wealth Management LLC lifted its position in shares of Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after purchasing an additional 243 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $46,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.47.

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Procter & Gamble Price Performance

Shares of PG traded down $4.50 during trading hours on Wednesday, reaching $168.62. The company had a trading volume of 2,954,884 shares, compared to its average volume of 6,389,636. The company has a market capitalization of $395.40 billion, a price-to-earnings ratio of 26.85, 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 firm has a 50 day simple moving average of $167.14 and a 200-day simple moving average of $169.84. 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 released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. 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 business posted $1.84 EPS. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business'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 value of $14,819,328.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, 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. In the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.

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.