The Procter & Gamble Company (NYSE:PG) Shares Sold by Imprint Wealth LLC

Imprint Wealth LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,976 shares of the company’s stock after selling 520 shares during the quarter. Procter & Gamble comprises approximately 1.3% of Imprint Wealth LLC’s investment portfolio, making the stock its 18th largest holding. Imprint Wealth LLC’s holdings in Procter & Gamble were worth $1,611,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth approximately $29,000. Mendota Financial Group LLC raised its holdings in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble during the second quarter valued at $50,000. Morton Brown Family Wealth LLC boosted its holdings in Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after purchasing an additional 281 shares during the last quarter. Finally, Activest Wealth Management grew its position in Procter & Gamble by 49.7% during the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after purchasing an additional 151 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Royal Bank of Canada lifted their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Raymond James raised their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.53 during midday trading on Tuesday, reaching $155.98. The stock had a trading volume of 1,440,030 shares, compared to its average volume of 6,789,360. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market cap of $367.02 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.18 and a beta of 0.44. The firm has a fifty day simple moving average of $159.27 and a two-hundred day simple moving average of $152.70. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the transaction, the chief operating officer now directly owns 9,623 shares in the company, valued at approximately $1,490,602.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.