Vermillion Wealth Management Inc. Buys Shares of 1,493 The Procter & Gamble Company (NYSE:PG)

Vermillion Wealth Management Inc. bought a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,493 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors also recently made changes to their positions in PG. Independent Wealth Network Inc. raised its position in shares of Procter & Gamble by 4.7% during the 4th quarter. Independent Wealth Network Inc. now owns 1,832 shares of the company’s stock valued at $307,000 after acquiring an additional 82 shares in the last quarter. Echo45 Advisors LLC raised its position in shares of Procter & Gamble by 25.9% during the 4th quarter. Echo45 Advisors LLC now owns 1,562 shares of the company’s stock valued at $258,000 after acquiring an additional 321 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of Procter & Gamble by 7.0% during the 4th quarter. D.B. Root & Company LLC now owns 3,579 shares of the company’s stock valued at $600,000 after acquiring an additional 235 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Procter & Gamble by 2.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 9,414 shares of the company’s stock valued at $1,578,000 after acquiring an additional 187 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC raised its position in shares of Procter & Gamble by 23.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 1,724 shares of the company’s stock valued at $289,000 after acquiring an additional 322 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock valued at $10,999,268 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of several research reports. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Raymond James dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.52.

Procter & Gamble Trading Up 0.6%

NYSE:PG opened at $165.95 on Friday. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock has a market cap of $389.07 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.76 and a beta of 0.41. The business has a fifty day moving average of $164.19 and a 200-day moving average of $167.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.55%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is currently 66.98%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.