Tiemann Investment Advisors LLC Sells 90 Shares of The Procter & Gamble Company (NYSE:PG)

Tiemann Investment Advisors LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,869 shares of the company’s stock after selling 90 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Procter & Gamble were worth $649,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gallagher Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $273,000. Daiwa Securities Group Inc. boosted its stake in Procter & Gamble by 4.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 400,549 shares of the company’s stock valued at $67,152,000 after purchasing an additional 16,709 shares during the last quarter. Main Street Research LLC boosted its stake in Procter & Gamble by 5.1% during the 4th quarter. Main Street Research LLC now owns 385,813 shares of the company’s stock valued at $64,682,000 after purchasing an additional 18,547 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Procter & Gamble by 17.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815,243 shares of the company’s stock worth $304,325,000 after purchasing an additional 272,461 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in shares of Procter & Gamble by 1.2% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 90,502 shares of the company’s stock valued at $15,173,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 172,814 shares in the company, 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. Over the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.8 %

PG stock opened at $176.06 on Monday. The stock has a fifty day moving average of $166.85 and a 200-day moving average of $169.77. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a market capitalization of $412.84 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PG shares. Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus raised 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. Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $181.11.

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.