National Wealth Management Group LLC Sells 795 Shares of The Procter & Gamble Company (NYSE:PG)

National Wealth Management Group LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 8.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,008 shares of the company’s stock after selling 795 shares during the period. Procter & Gamble comprises approximately 1.1% of National Wealth Management Group LLC’s holdings, making the stock its 25th largest holding. National Wealth Management Group LLC’s holdings in Procter & Gamble were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PG. Stone House Investment Management LLC lifted its stake in shares of Procter & Gamble by 1.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225,506 shares of the company’s stock valued at $39,058,000 after purchasing an additional 3,203 shares during the period. First Commonwealth Financial Corp PA lifted its stake in shares of Procter & Gamble by 1.6% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 9,574 shares of the company’s stock valued at $1,658,000 after purchasing an additional 152 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $33,000. CreativeOne Wealth LLC lifted its stake in shares of Procter & Gamble by 50.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 33,121 shares of the company’s stock valued at $5,736,000 after purchasing an additional 11,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $136,828,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,233 shares of company stock valued at $6,024,234 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.0 %

Shares of PG stock opened at $179.34 on Thursday. 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 market cap of $422.35 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42. The stock has a 50 day simple moving average of $170.22 and a 200 day simple moving average of $168.90. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during 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%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. On average, research analysts predict that The Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.24%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $180.45.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.