The Procter & Gamble Company (NYSE:PG) Shares Sold by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,795 shares of the company’s stock after selling 207 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,435,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. RMR Wealth Builders raised its stake in Procter & Gamble by 7.0% in the fourth quarter. RMR Wealth Builders now owns 9,340 shares of the company’s stock valued at $1,369,000 after buying an additional 613 shares in the last quarter. Everpar Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $1,454,000. Gryphon Financial Partners LLC raised its position in shares of Procter & Gamble by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after acquiring an additional 6,390 shares in the last quarter. Pacific Capital Wealth Advisors Inc. purchased a new stake in Procter & Gamble during the fourth quarter worth approximately $35,000. Finally, Barlow Wealth Partners Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $1,295,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research reports. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada increased their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, UBS Group boosted their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total value of $5,049,900.00. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,586,483.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,112 shares of company stock worth $22,841,321. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.2 %

PG opened at $165.43 on Thursday. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $166.37. The business has a 50-day moving average of $160.23 and a two-hundred day moving average of $154.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market capitalization of $390.44 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.