Congress Wealth Management LLC DE Sells 140 Shares of The Procter & Gamble Company (NYSE:PG)

Congress Wealth Management LLC DE trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 102,674 shares of the company’s stock after selling 140 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Procter & Gamble were worth $17,214,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. NewSquare Capital LLC boosted its holdings in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at $33,000. LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the fourth quarter valued at $34,000. Atlantic Private Wealth LLC raised its stake in Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after acquiring an additional 101 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $39,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. 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. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $165.73 on Tuesday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. 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 stock has a market capitalization of $388.61 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.76 and a beta of 0.41. The firm has a fifty day moving average of $168.11 and a two-hundred day moving average of $169.58.

Procter & Gamble (NYSE:PG) last released 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 firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 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 sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $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 have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble 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.