The Procter & Gamble Company (NYSE:PG) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 7.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,346 shares of the company’s stock after purchasing an additional 1,176 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,740,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the second quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $33,000. Costello Asset Management INC boosted its stake in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $58,000. Finally, Mendota Financial Group LLC raised its holdings in Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after purchasing an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on PG shares. Stifel Nicolaus cut their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Wells Fargo & Company reduced their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock valued at $13,317,460 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $161.35 on Monday. The stock’s fifty day simple moving average is $169.19 and its 200 day simple moving average is $169.42. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is 69.31%.

About Procter & Gamble

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.