PDS Planning Inc Has $5.98 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

PDS Planning Inc raised its position in The Procter & Gamble Company (NYSE:PG) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,645 shares of the company’s stock after buying an additional 2,987 shares during the quarter. PDS Planning Inc’s holdings in Procter & Gamble were worth $5,976,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC grew its holdings in Procter & Gamble by 3.4% in the 4th quarter. Kensington Investment Counsel LLC now owns 13,888 shares of the company’s stock valued at $2,328,000 after buying an additional 461 shares in the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of Procter & Gamble by 14.0% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 6,107 shares of the company’s stock worth $1,024,000 after purchasing an additional 750 shares in the last quarter. Mystic Asset Management Inc. grew its holdings in shares of Procter & Gamble by 83.7% during the 4th quarter. Mystic Asset Management Inc. now owns 19,108 shares of the company’s stock worth $3,204,000 after purchasing an additional 8,708 shares in the last quarter. Dopkins Wealth Management LLC grew its holdings in shares of Procter & Gamble by 16.1% during the 4th quarter. Dopkins Wealth Management LLC now owns 2,881 shares of the company’s stock worth $483,000 after purchasing an additional 400 shares in the last quarter. Finally, RD Lewis Holdings Inc. acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $479,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on PG. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $169.70 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $397.92 billion, a PE ratio of 27.02, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a 50-day moving average price of $167.45 and a two-hundred day moving average price of $169.81.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 over the last ninety days. 0.18% of the stock is owned by insiders.

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.