Glassman Wealth Services Has $2.01 Million Position in The Procter & Gamble Company (NYSE:PG)

Glassman Wealth Services raised its position in The Procter & Gamble Company (NYSE:PG) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,714 shares of the company’s stock after purchasing an additional 981 shares during the quarter. Glassman Wealth Services’ holdings in Procter & Gamble were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Advantage Trust Co acquired a new stake in Procter & Gamble in the fourth quarter valued at $28,000. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $33,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,320 shares of company stock worth $25,535,744. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG stock traded down $0.16 during mid-day trading on Friday, hitting $165.33. The stock had a trading volume of 3,820,090 shares, compared to its average volume of 5,487,361. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $168.54. The firm has a market capitalization of $390.20 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.36 and a beta of 0.43. The firm has a fifty day simple moving average of $161.83 and a 200 day simple moving average of $155.99.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period last year, the company posted $1.37 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Procter & Gamble Company 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.