The Procter & Gamble Company (NYSE:PG) Shares Purchased by Tradewinds LLC.

Tradewinds LLC. lifted its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,786 shares of the company's stock after purchasing an additional 3,216 shares during the period. Procter & Gamble comprises about 2.8% of Tradewinds LLC.'s holdings, making the stock its 7th largest position. Tradewinds LLC.'s holdings in Procter & Gamble were worth $9,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lakeridge Wealth Management LLC lifted its position in Procter & Gamble by 0.6% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after purchasing an additional 60 shares during the period. Colton Groome Financial Advisors LLC raised its holdings in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock worth $334,000 after purchasing an additional 62 shares during the last quarter. Tevis Investment Management grew its holdings in Procter & Gamble by 0.6% in the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after purchasing an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Procter & Gamble by 3.3% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after buying an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC boosted its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after buying an additional 66 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Procter & Gamble Stock Performance

Shares of PG traded down $4.55 during mid-day trading on Friday, hitting $167.84. The stock had a trading volume of 5,723,551 shares, compared to its average volume of 7,748,775. The company's fifty day simple moving average is $169.19 and its two-hundred day simple moving average is $169.29. 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 market cap of $393.56 billion, a PE ratio of 26.73, a PEG ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Insider Transactions at Procter & Gamble

In related news, 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 value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Piper Sandler lowered 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 note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

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.