West Coast Financial LLC Cuts Holdings in The Procter & Gamble Company (NYSE:PG)

West Coast Financial LLC lessened its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,369 shares of the company's stock after selling 3,192 shares during the period. West Coast Financial LLC's holdings in Procter & Gamble were worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble during the second quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in Procter & Gamble in the 3rd quarter worth approximately $33,000. Quest Partners LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth $36,000. Costello Asset Management INC raised its position in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after buying an additional 300 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $58,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.5 %

PG stock traded up $0.85 on Friday, reaching $161.35. The company's stock had a trading volume of 6,610,777 shares, compared to its average volume of 6,771,067. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The business has a fifty day simple moving average of $169.32 and a two-hundred day simple moving average of $169.39. The firm has a market cap of $379.98 billion, a PE ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, research analysts forecast that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.50%. Procter & Gamble's payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PG shares. UBS Group lowered their price target on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 target price for the company. Barclays decreased their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $179.65.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares of the company's stock, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is owned by corporate insiders.

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.