Wambolt & Associates LLC Has $3.26 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Wambolt & Associates LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,448 shares of the company's stock after selling 6,485 shares during the quarter. Procter & Gamble comprises about 1.0% of Wambolt & Associates LLC's investment portfolio, making the stock its 29th biggest holding. Wambolt & Associates LLC's holdings in Procter & Gamble were worth $3,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $33,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Atlantic Private Wealth LLC grew its holdings in shares of Procter & Gamble by 95.3% during the 4th 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 4th quarter worth about $39,000. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the 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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.

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Procter & Gamble Trading Down 1.7 %

Shares of PG stock traded down $2.75 on Tuesday, reaching $162.90. 8,365,995 shares of the stock were exchanged, compared to its average volume of 6,474,168. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $381.98 billion, a PE ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The stock has a 50 day moving average price of $168.17 and a 200 day moving average price of $169.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.01%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PG shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. 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 research note on Thursday, January 16th. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price 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. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $181.47.

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.