The Procter & Gamble Company (NYSE:PG) Shares Purchased by Smith Salley Wealth Management

Smith Salley Wealth Management raised its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 151,647 shares of the company’s stock after acquiring an additional 310 shares during the quarter. Procter & Gamble accounts for about 1.6% of Smith Salley Wealth Management’s portfolio, making the stock its 14th largest position. Smith Salley Wealth Management’s holdings in Procter & Gamble were worth $25,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiera Capital Corp raised its stake in Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares during the period. Pacer Advisors Inc. increased its stake in shares of Procter & Gamble by 9.3% during the second quarter. Pacer Advisors Inc. now owns 222,592 shares of the company’s stock valued at $36,710,000 after acquiring an additional 18,855 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Procter & Gamble by 9.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after buying an additional 705 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Procter & Gamble by 9.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 112,097 shares of the company’s stock valued at $18,487,000 after acquiring an additional 9,415 shares during the last quarter. Finally, Kowal Investment Group LLC boosted its holdings in Procter & Gamble by 4.9% during the second quarter. Kowal Investment Group LLC now owns 15,850 shares of the company’s stock worth $2,614,000 after buying an additional 744 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,439 shares of company stock valued at $13,317,460. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock opened at $161.35 on Monday. The stock has a market cap of $379.98 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $169.19 and a 200 day simple moving average of $169.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 earnings per share. On average, research analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 69.31%.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Finally, DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $179.65.

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.