Planned Solutions Inc. Makes New $574,000 Investment in The Procter & Gamble Company (NYSE:PG)

Planned Solutions Inc. acquired a new position in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, HoldingsChannel reports. The fund acquired 3,916 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wyrmwood Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $29,000. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble in the second quarter worth about $50,000. CGC Financial Services LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $55,000. VitalStone Financial LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $60,000. Finally, RVW Wealth LLC acquired a new position in shares of Procter & Gamble during the third quarter worth about $77,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.3 %

Shares of PG opened at $162.61 on Thursday. The firm has a market cap of $382.62 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $162.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The business’s fifty day moving average is $158.17 and its 200-day moving average is $152.09.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada increased their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Barclays upped their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $168.41.

About Procter & Gamble

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.