Wheelhouse Advisory Group LLC Sells 76 Shares of The Procter & Gamble Company (NYSE:PG)

Wheelhouse Advisory Group LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,956 shares of the company’s stock after selling 76 shares during the period. Procter & Gamble makes up approximately 0.5% of Wheelhouse Advisory Group LLC’s holdings, making the stock its 21st biggest position. Wheelhouse Advisory Group LLC’s holdings in Procter & Gamble were worth $831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in shares of Procter & Gamble by 2.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 73,223 shares of the company’s stock valued at $12,276,000 after purchasing an additional 1,557 shares during the period. CX Institutional boosted its stake in Procter & Gamble by 113.5% during the fourth quarter. CX Institutional now owns 102,901 shares of the company’s stock worth $17,251,000 after buying an additional 54,699 shares in the last quarter. Encompass More Asset Management increased its holdings in Procter & Gamble by 4.8% in the 4th quarter. Encompass More Asset Management now owns 5,561 shares of the company’s stock valued at $932,000 after buying an additional 255 shares during the period. Impact Partnership Wealth LLC raised its stake in shares of Procter & Gamble by 10.5% in the 4th quarter. Impact Partnership Wealth LLC now owns 4,107 shares of the company’s stock valued at $689,000 after buying an additional 389 shares in the last quarter. Finally, Southland Equity Partners LLC lifted its holdings in shares of Procter & Gamble by 6.4% during the 4th quarter. Southland Equity Partners LLC now owns 46,512 shares of the company’s stock worth $7,798,000 after acquiring an additional 2,793 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PG shares. Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company upped their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $164.41 on Friday. The stock has a market cap of $387.20 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $152.06 and a 12-month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $168.85 and its 200 day simple moving average is $169.34.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the previous year, the company earned $1.84 EPS. Procter & Gamble’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Procter & Gamble Company 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.