The Procter & Gamble Company (NYSE:PG) Stake Lessened by Tanager Wealth Management LLP

Tanager Wealth Management LLP lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,176 shares of the company’s stock after selling 166 shares during the period. Tanager Wealth Management LLP’s holdings in Procter & Gamble were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC boosted its holdings in shares of Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after acquiring an additional 113 shares during the period. AMI Investment Management Inc. lifted its holdings in Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares during the period. LSV Asset Management lifted its holdings in Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares during the period. Ergoteles LLC acquired a new stake in Procter & Gamble in the first quarter worth about $3,073,000. Finally, Wsfs Capital Management LLC lifted its holdings in Procter & Gamble by 12.0% in the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.73 during mid-day trading on Friday, hitting $158.02. 12,028,669 shares of the company were exchanged, compared to its average volume of 6,932,996. 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 business has a fifty day moving average of $159.13 and a 200 day moving average of $152.83. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a market capitalization of $371.82 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid 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 2.55%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 67.34%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was 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 owns 9,623 shares in the company, valued at $1,490,602.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,063 shares of company stock worth $43,187,745. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. UBS Group boosted their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.53.

About Procter & Gamble

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.