Procter & Gamble Company (The) $PG Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 14.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,535,902 shares of the company’s stock after selling 419,908 shares during the quarter. Procter & Gamble comprises 2.7% of Capital Wealth Planning LLC’s portfolio, making the stock its 19th largest position. Capital Wealth Planning LLC’s holdings in Procter & Gamble were worth $389,641,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth $25,000. Corundum Trust Company INC purchased a new stake in Procter & Gamble during the third quarter valued at about $32,000. Caitlin John LLC acquired a new stake in Procter & Gamble during the third quarter worth about $34,000. Marquette Asset Management LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $37,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the sale, the insider owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 348,618 shares of company stock worth $55,462,643 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.0%

Shares of PG opened at $150.57 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The stock has a 50-day moving average price of $153.32 and a 200 day moving average price of $151.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market capitalization of $349.91 billion, a P/E ratio of 22.31, a P/E/G ratio of 5.03 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period in the prior year, the company posted $1.88 EPS. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.52%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Barclays set a $155.00 target price on shares of Procter & Gamble in a research note on Friday, January 16th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.