Bogart Wealth LLC Sells 935 Shares of The Procter & Gamble Company (NYSE:PG)

Bogart Wealth LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,412 shares of the company’s stock after selling 935 shares during the quarter. Bogart Wealth LLC’s holdings in Procter & Gamble were worth $7,680,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PG. Naples Money Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $29,000. MeadowBrook Investment Advisors LLC bought a new stake in Procter & Gamble during the fourth quarter valued at approximately $33,000. Criterion Capital Advisors LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $33,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Procter & Gamble in the fourth quarter valued at $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares of the company’s stock, valued at $6,080,172.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares in the company, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,112 shares of company stock worth $22,841,321. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of PG traded up $0.86 on Thursday, reaching $165.93. The stock had a trading volume of 717,676 shares, compared to its average volume of 6,799,273. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $166.37. The firm has a market capitalization of $391.62 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The company has a 50-day simple moving average of $160.23 and a 200-day simple moving average of $154.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PG shares. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.