WealthPlan Investment Management LLC Buys 3,901 Shares of The Procter & Gamble Company (NYSE:PG)

WealthPlan Investment Management LLC increased its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 420.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,829 shares of the company’s stock after purchasing an additional 3,901 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Procter & Gamble were worth $704,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its position in shares of Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after purchasing an additional 817,674 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after purchasing an additional 510,559 shares in the last quarter. Morgan Stanley grew its position in shares of Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares in the last quarter. Finally, Norges Bank purchased a new position in Procter & Gamble in the fourth quarter worth $3,752,321,000. Institutional investors own 63.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PG shares. Truist Financial upped their target price on shares of Procter & Gamble from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Jefferies Financial Group assumed coverage on shares of Procter & Gamble in a research note on Monday, November 13th. They issued a “buy” rating and a $177.00 price target for the company. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Barclays boosted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.06.

Read Our Latest Report on Procter & Gamble

Procter & Gamble Stock Performance

Shares of PG opened at $157.42 on Friday. 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 Procter & Gamble Company has a one year low of $135.83 and a one year high of $159.83. The company has a 50-day simple moving average of $150.04 and a two-hundred day simple moving average of $150.88. The firm has a market capitalization of $370.41 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 3.24 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $21.48 billion. During the same period last year, the business posted $1.59 earnings per share. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s payout ratio is 62.98%.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the firm’s 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 completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $151,788. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,658 shares of company stock worth $42,921,732. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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