Independent Solutions Wealth Management LLC Has $1.72 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Independent Solutions Wealth Management LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,256 shares of the company’s stock after buying an additional 71 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Procter & Gamble were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PG. NewSquare Capital LLC boosted its stake in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth $33,000. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble during the fourth quarter valued at $34,000. Atlantic Private Wealth LLC grew its stake in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new position in Procter & Gamble in the 4th quarter worth about $39,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction 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 approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Barclays raised their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Piper Sandler decreased their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.47.

Procter & Gamble Trading Down 0.7 %

Shares of Procter & Gamble stock opened at $167.47 on Friday. The company has a market cap of $392.69 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company’s fifty day simple moving average is $167.82 and its 200-day simple moving average is $169.76. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

The company also recently declared 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 was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

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.