Weik Capital Management Has $589,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Weik Capital Management lessened its position in The Procter & Gamble Company (NYSE:PG) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,515 shares of the company’s stock after selling 110 shares during the period. Weik Capital Management’s holdings in Procter & Gamble were worth $589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $34,000. Atlantic Private Wealth LLC boosted its position in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after acquiring an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in Procter & Gamble during the fourth quarter worth $39,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG opened at $168.85 on Friday. The business has a fifty day moving average of $168.47 and a 200 day moving average of $169.46. 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 current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $395.92 billion, a P/E ratio of 26.89, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given 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 yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on PG. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

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.