Global Wealth Management Investment Advisory Inc. lifted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 28.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,325 shares of the company’s stock after purchasing an additional 9,206 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Procter & Gamble were worth $5,922,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Maseco LLP bought a new position in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Saranac Partners Ltd bought a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $30,000. Caitlin John LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $34,000. Anfield Capital Management LLC lifted its stake in shares of Procter & Gamble by 121.5% in the 4th quarter. Anfield Capital Management LLC now owns 237 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of Procter & Gamble by 162.6% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 239 shares of the company’s stock worth $34,000 after purchasing an additional 148 shares during the period. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Up 0.4%
Shares of PG opened at $143.94 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.99. The company has a 50 day simple moving average of $147.20 and a two-hundred day simple moving average of $148.40. The firm has a market cap of $335.18 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 6.15 and a beta of 0.41.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a dividend of $1.0885 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is 63.60%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PG shares. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada reduced their target price on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Barclays reduced their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Raymond James Financial reduced their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $161.06.
View Our Latest Stock Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other news, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. This represents a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the transaction, the insider owned 30,215 shares of the company’s stock, valued at $4,818,083.90. This represents a 5.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 220,852 shares of company stock worth $35,880,848. Insiders own 0.20% of the company’s stock.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble was highlighted as a high-quality dividend stock and a defensive business selling everyday necessities, which can appeal to investors looking for stability in a volatile market.
- Positive Sentiment: Analysts noted that PG still has broad-based global growth and that its U.S. Baby Care weakness appears fixable rather than a structural problem, suggesting the brand portfolio remains resilient.
- Neutral Sentiment: PG is attracting increased investor interest and search activity, signaling that traders are actively reassessing the stock after recent weakness.
- Neutral Sentiment: A broader market discussion flagged consumer staples like PG as a pressured sector when inflation stays elevated and consumers trade down to cheaper alternatives.
- Negative Sentiment: Rising plastic costs tied to higher oil prices could squeeze input margins for consumer packaged goods companies, including PG, if they cannot fully pass along higher costs.
- Negative Sentiment: Recent articles emphasized that PG has fallen in recent months as inflation and margin concerns continue to weigh on sentiment, which may be limiting near-term upside.
Procter & Gamble Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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