Wayfinding Financial LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Wayfinding Financial LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,634 shares of the company's stock, valued at approximately $1,447,000. Procter & Gamble makes up 0.8% of Wayfinding Financial LLC's holdings, making the stock its 28th largest position.

A number of other institutional investors also recently modified their holdings of PG. Independent Solutions Wealth Management LLC raised its stake in shares of Procter & Gamble by 0.7% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 10,256 shares of the company's stock worth $1,719,000 after acquiring an additional 71 shares during the last quarter. Kiker Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $306,000. Antonelli Financial Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $350,000. Lowe Brockenbrough & Co. Inc. lifted its position in Procter & Gamble by 0.5% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 83,423 shares of the company's stock valued at $13,986,000 after purchasing an additional 404 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Procter & Gamble by 12.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 148,886 shares of the company's stock valued at $24,960,000 after purchasing an additional 16,190 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

PG stock traded down $0.96 during trading hours on Monday, reaching $165.73. The stock had a trading volume of 6,101,316 shares, compared to its average volume of 6,478,573. The stock has a market capitalization of $388.61 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The stock has a 50-day simple moving average of $168.11 and a 200 day simple moving average of $169.58. 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 debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson restated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler dropped their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report 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, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.47.

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.