Facet Wealth Inc. Sells 364 Shares of The Procter & Gamble Company (NYSE:PG)

Facet Wealth Inc. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,566 shares of the company’s stock after selling 364 shares during the period. Facet Wealth Inc.’s holdings in Procter & Gamble were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at about $33,000. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Noble Wealth Management PBC bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $39,000. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 972.0% in the 4th 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 during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $168.20 on Friday. 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 firm’s 50 day moving average price is $167.27 and its 200-day moving average price is $169.81. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a market cap of $394.39 billion, a PE ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the firm earned $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” 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 on the stock in a research report on Monday, February 24th. Wells Fargo & Company increased 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, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.47.

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.