Core Wealth Partners LLC Sells 73 Shares of The Procter & Gamble Company (NYSE:PG)

Core Wealth Partners LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 10,591 shares of the company’s stock after selling 73 shares during the quarter. Procter & Gamble makes up about 1.0% of Core Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding. Core Wealth Partners LLC’s holdings in Procter & Gamble were worth $1,776,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC raised its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Procter & Gamble during the third quarter valued at about $33,000. LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter valued at approximately $34,000. Atlantic Private Wealth LLC lifted its position in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after acquiring an additional 101 shares during the period. Finally, Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $39,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $162.90 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $168.17 and a 200 day simple moving average of $169.49. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm has a market cap of $381.98 billion, a P/E ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.01%.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. 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, January 23rd. Piper Sandler reduced their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last ninety days. Insiders own 0.18% of the company’s stock.

Procter & Gamble 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.