Larson Financial Group LLC Sells 1,500 Shares of The Procter & Gamble Company (NYSE:PG)

Larson Financial Group LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 12.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,823 shares of the company’s stock after selling 1,500 shares during the period. Larson Financial Group LLC’s holdings in Procter & Gamble were worth $1,586,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Emerald Advisors LLC raised its stake in Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares during the period. O Brien Wealth Partners LLC increased its stake in Procter & Gamble by 3.3% in the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after acquiring an additional 65 shares during the last quarter. KFA Private Wealth Group LLC increased its stake in Procter & Gamble by 2.2% in the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after acquiring an additional 67 shares during the last quarter. Chemistry Wealth Management LLC increased its stake in Procter & Gamble by 1.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock worth $856,000 after acquiring an additional 67 shares during the last quarter. Finally, Schear Investment Advisers LLC increased its stake in Procter & Gamble by 1.4% in the 4th quarter. Schear Investment Advisers LLC now owns 4,933 shares of the company’s stock worth $723,000 after acquiring an additional 67 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.4 %

Shares of Procter & Gamble stock traded up $0.71 on Tuesday, reaching $161.25. The stock had a trading volume of 2,961,578 shares, compared to its average volume of 6,905,944. The company has a 50 day moving average price of $159.21 and a 200 day moving average price of $153.13. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The stock has a market capitalization of $379.42 billion, a P/E ratio of 26.33, a P/E/G ratio of 3.19 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm 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 18.00% and a return on equity of 33.77%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Raymond James raised their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. UBS Group raised their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Barclays raised their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.88.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $768,256.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now 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 ninety days, insiders sold 279,918 shares of company stock worth $43,323,263. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.