Powers Advisory Group LLC Sells 143 Shares of The Procter & Gamble Company (NYSE:PG)

Powers Advisory Group LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 13,507 shares of the company’s stock after selling 143 shares during the period. Procter & Gamble makes up approximately 1.2% of Powers Advisory Group LLC’s holdings, making the stock its 18th largest holding. Powers Advisory Group LLC’s holdings in Procter & Gamble were worth $1,979,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PG. Axiom Financial Strategies LLC boosted its holdings in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. boosted its holdings in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management boosted its holdings in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC bought a new position in Procter & Gamble in the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC boosted its holdings in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after buying an additional 455 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $160.53 on Wednesday. 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 company has a market capitalization of $377.73 billion, a P/E ratio of 26.89, a P/E/G ratio of 3.27 and a beta of 0.44. The company’s 50-day simple moving average is $157.95 and its two-hundred day simple moving average is $152.04. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $162.73.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Insider Activity

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

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. Barclays upped their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.