The Procter & Gamble Company (NYSE:PG) Position Boosted by Castle Wealth Management LLC

Castle Wealth Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,641 shares of the company’s stock after purchasing an additional 389 shares during the period. Castle Wealth Management LLC’s holdings in Procter & Gamble were worth $827,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Mendota Financial Group LLC boosted its holdings in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the second quarter worth about $50,000. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $0.73 during midday trading on Friday, hitting $158.02. The company had a trading volume of 12,028,669 shares, compared to its average volume of 6,932,996. The business’s 50 day simple moving average is $159.14 and its two-hundred day simple moving average is $152.92. The stock has a market cap of $371.82 billion, a PE ratio of 26.47, a P/E/G ratio of 3.21 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. 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 annualized dividend and a dividend yield of 2.55%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.34%.

Wall Street Analyst Weigh In

PG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $168.53.

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.