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

Gitterman Wealth Management LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,853 shares of the company’s stock after selling 94 shares during the period. Procter & Gamble comprises approximately 0.2% of Gitterman Wealth Management LLC’s holdings, making the stock its 27th biggest position. Gitterman Wealth Management LLC’s holdings in Procter & Gamble were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $33,000. Mendota Financial Group LLC boosted its holdings in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after buying an additional 261 shares during the period. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 206.6% in the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after buying an additional 281 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on PG shares. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Finally, Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Down 0.8 %

Shares of Procter & Gamble stock traded down $1.26 during trading on Friday, hitting $161.29. The stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The stock has a 50 day simple moving average of $159.64 and a 200 day simple moving average of $153.57. The company has a market capitalization of $380.67 billion, a PE ratio of 26.35, a P/E/G ratio of 3.27 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. 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 yield of 2.50%. Procter & Gamble’s payout ratio is presently 65.69%.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,865 shares of company stock valued at $16,029,280. Corporate insiders own 0.17% of the company’s stock.

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.