Birchcreek Wealth Management LLC Sells 64 Shares of The Procter & Gamble Company (NYSE:PG)

Birchcreek Wealth Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,689 shares of the company’s stock after selling 64 shares during the period. Procter & Gamble makes up approximately 1.0% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Birchcreek Wealth Management LLC’s holdings in Procter & Gamble were worth $1,713,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC raised its position in shares of Procter & Gamble by 20.0% in the 4th quarter. Avaii Wealth Management LLC now owns 2,055 shares of the company’s stock valued at $301,000 after buying an additional 343 shares in the last quarter. Choreo LLC raised its position in Procter & Gamble by 12.6% during the fourth quarter. Choreo LLC now owns 57,526 shares of the company’s stock valued at $8,430,000 after purchasing an additional 6,422 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Procter & Gamble by 1.1% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,189 shares of the company’s stock worth $3,545,000 after purchasing an additional 265 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Procter & Gamble by 10.3% in the 4th quarter. Mather Group LLC. now owns 37,891 shares of the company’s stock valued at $5,553,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its stake in shares of Procter & Gamble by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, CEO R. Alexandra Keith sold 776 shares of the company’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 owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO R. Alexandra Keith sold 776 shares of the company’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 owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders sold a total of 55,865 shares of company stock valued at $9,009,280 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Stock Down 0.2 %

Procter & Gamble stock traded down $0.27 during trading hours on Monday, hitting $161.02. 1,661,956 shares of the stock traded hands, compared to its average volume of 6,891,684. The firm’s 50-day moving average price is $159.64 and its two-hundred day moving average price is $153.65. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $380.03 billion, a PE ratio of 26.29, a PEG ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given 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 2.50%. Procter & Gamble’s payout ratio is presently 65.85%.

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.