M Holdings Securities Inc. Sells 6,870 Shares of The Procter & Gamble Company (NYSE:PG)

M Holdings Securities Inc. reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 58.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,848 shares of the company’s stock after selling 6,870 shares during the quarter. Procter & Gamble comprises approximately 0.5% of M Holdings Securities Inc.’s portfolio, making the stock its 18th biggest holding. M Holdings Securities Inc.’s holdings in Procter & Gamble were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PG. Lakeridge Wealth Management LLC lifted its holdings in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after purchasing an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC raised its position in shares of Procter & Gamble by 3.2% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock valued at $334,000 after purchasing an additional 62 shares during the period. Tevis Investment Management lifted its stake in shares of Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after buying an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA boosted its holdings in Procter & Gamble by 3.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock worth $348,000 after buying an additional 66 shares during the period. Finally, Alhambra Investment Management LLC increased its stake in Procter & Gamble by 1.2% in the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after buying an additional 66 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 0.6 %

NYSE:PG opened at $166.60 on Friday. The company’s 50-day simple moving average is $167.97 and its 200-day simple moving average is $169.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The stock has a market capitalization of $390.66 billion, a P/E ratio of 26.53, a P/E/G ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Royal Bank of Canada reissued a “sector perform” rating and issued 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 research report on Monday, February 10th. Finally, Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.47.

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.