Blake Schutter Theil Wealth Advisors LLC Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Blake Schutter Theil Wealth Advisors LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,600 shares of the company’s stock after selling 244 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in Procter & Gamble were worth $436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $33,000. Noble Wealth Management PBC purchased a new stake in Procter & Gamble in the fourth quarter worth $39,000. Bay Harbor Wealth Management LLC boosted its holdings in Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $46,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $176.06 on Friday. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a market capitalization of $412.84 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The firm has a 50 day moving average of $166.85 and a 200 day moving average of $169.77. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

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

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PG. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler lowered their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus 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.