My Legacy Advisors LLC Sells 494 Shares of The Procter & Gamble Company (NYSE:PG)

My Legacy Advisors LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 9.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,704 shares of the company’s stock after selling 494 shares during the period. My Legacy Advisors LLC’s holdings in Procter & Gamble were worth $751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Lbmc Investment Advisors LLC raised its stake in Procter & Gamble by 38.6% during the 4th quarter. Lbmc Investment Advisors LLC now owns 2,154 shares of the company’s stock worth $361,000 after acquiring an additional 600 shares during the period. Arbor Trust Wealth Advisors LLC raised its stake in Procter & Gamble by 0.9% during the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 13,080 shares of the company’s stock worth $2,193,000 after acquiring an additional 119 shares during the period. Liberty One Investment Management LLC raised its stake in Procter & Gamble by 1.5% during the 4th quarter. Liberty One Investment Management LLC now owns 176,257 shares of the company’s stock worth $29,549,000 after acquiring an additional 2,600 shares during the period. Kelly Financial Services LLC raised its stake in Procter & Gamble by 5.9% during the 4th quarter. Kelly Financial Services LLC now owns 1,589 shares of the company’s stock worth $266,000 after acquiring an additional 89 shares during the period. Finally, Joule Financial LLC raised its stake in Procter & Gamble by 1.8% during the 4th quarter. Joule Financial LLC now owns 5,845 shares of the company’s stock worth $980,000 after acquiring an additional 106 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

NYSE PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The company has a fifty day moving average of $169.19 and a two-hundred day moving average of $169.46. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,447 shares of company stock worth $12,978,820. 0.18% of the stock is currently owned by insiders.

About Procter & Gamble

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.