Cassady Schiller Wealth Management LLC Sells 2,176 Shares of The Procter & Gamble Company (NYSE:PG)

Cassady Schiller Wealth Management LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,434 shares of the company’s stock after selling 2,176 shares during the period. Procter & Gamble accounts for about 5.2% of Cassady Schiller Wealth Management LLC’s portfolio, making the stock its 4th largest position. Cassady Schiller Wealth Management LLC’s holdings in Procter & Gamble were worth $14,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lakeridge Wealth Management LLC raised its position in Procter & Gamble by 0.6% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after buying an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC raised its position in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after buying an additional 62 shares during the last quarter. Tevis Investment Management raised its position in Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after buying an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA raised its position in Procter & Gamble by 3.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock worth $348,000 after buying an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its position in Procter & Gamble by 1.2% in the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after buying an additional 66 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction 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 approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last three months. 0.18% of the stock is owned by company insiders.

Procter & Gamble Trading Down 0.2 %

PG stock opened at $168.20 on Monday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. 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 company has a market capitalization of $394.39 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41. The business has a 50 day simple moving average of $167.27 and a two-hundred day simple moving average of $169.81.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s payout ratio is 64.01%.

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.