Fi3 FINANCIAL ADVISORS LLC Cuts Position in The Procter & Gamble Company (NYSE:PG)

Fi3 FINANCIAL ADVISORS LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,104 shares of the company’s stock after selling 73 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Procter & Gamble were worth $1,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after buying an additional 3,619,466 shares during the last quarter. FMR LLC lifted its stake in Procter & Gamble by 2.7% in the third quarter. FMR LLC now owns 26,556,319 shares of the company’s stock valued at $4,599,554,000 after purchasing an additional 689,282 shares during the last quarter. Franklin Resources Inc. lifted its stake in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Procter & Gamble by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company’s stock valued at $3,133,850,000 after purchasing an additional 312,203 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Procter & Gamble by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company’s stock valued at $2,830,252,000 after purchasing an additional 459,437 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Piper Sandler lowered their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $166.60 on Friday. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The firm has a market cap of $390.66 billion, a P/E ratio of 26.53, a PEG ratio of 3.76 and a beta of 0.41. The company has a 50 day moving average of $167.97 and a 200 day moving average of $169.72. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping 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 company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced 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 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the business’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 sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.