Wayfinding Financial LLC Acquires New Position in The Procter & Gamble Company (NYSE:PG)

Wayfinding Financial LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,634 shares of the company’s stock, valued at approximately $1,447,000. Procter & Gamble accounts for 0.8% of Wayfinding Financial LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Independent Solutions Wealth Management LLC raised its holdings in Procter & Gamble by 0.7% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 10,256 shares of the company’s stock worth $1,719,000 after acquiring an additional 71 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $306,000. Antonelli Financial Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $350,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Procter & Gamble by 0.5% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 83,423 shares of the company’s stock worth $13,986,000 after buying an additional 404 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Procter & Gamble by 12.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 148,886 shares of the company’s stock valued at $24,960,000 after purchasing an additional 16,190 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $167.47 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a 50 day moving average price of $167.82 and a 200-day moving average price of $169.76. The stock has a market cap of $392.69 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays increased their price target 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. Piper Sandler lowered their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were 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 owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the 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 sale, the insider now directly 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. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. Insiders own 0.18% of the company’s stock.

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.