Diversify Advisory Services LLC Sells 3,284 Shares of The Procter & Gamble Company (NYSE:PG)

Diversify Advisory Services LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,538 shares of the company's stock after selling 3,284 shares during the quarter. Diversify Advisory Services LLC's holdings in Procter & Gamble were worth $3,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PG. Diversify Wealth Management LLC lifted its position in shares of Procter & Gamble by 48.7% during the fourth quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company's stock valued at $3,411,000 after purchasing an additional 7,045 shares in the last quarter. Smart Money Group LLC lifted its position in shares of Procter & Gamble by 7.5% during the fourth quarter. Smart Money Group LLC now owns 5,288 shares of the company's stock valued at $886,000 after purchasing an additional 370 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Procter & Gamble by 5.3% during the fourth quarter. Annex Advisory Services LLC now owns 34,215 shares of the company's stock valued at $5,736,000 after purchasing an additional 1,712 shares in the last quarter. Cascade Investment Group Inc. lifted its position in shares of Procter & Gamble by 5.8% during the fourth quarter. Cascade Investment Group Inc. now owns 3,037 shares of the company's stock valued at $509,000 after purchasing an additional 166 shares in the last quarter. Finally, Grove Bank & Trust raised its position in Procter & Gamble by 2.8% in the fourth quarter. Grove Bank & Trust now owns 15,228 shares of the company's stock worth $2,553,000 after acquiring an additional 416 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,447 shares of company stock valued at $12,978,820 in the last quarter. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

NYSE:PG traded up $0.64 during mid-day trading on Tuesday, hitting $161.77. 13,904,402 shares of the stock traded hands, compared to its average volume of 7,422,382. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The company has a market cap of $380.96 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The business's 50-day moving average price is $169.09 and its 200 day moving average price is $169.44.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that The Procter & Gamble Company will post 6.92 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble's dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler assumed coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective on the stock. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. 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. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Procter & Gamble from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $179.65.

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.