Nations Financial Group Inc. IA ADV Sells 1,706 Shares of The Procter & Gamble Company (NYSE:PG)

Nations Financial Group Inc. IA ADV lessened its stake in The Procter & Gamble Company (NYSE:PG) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,471 shares of the company’s stock after selling 1,706 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Procter & Gamble were worth $3,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Nixon Peabody Trust Co. raised its position in shares of Procter & Gamble by 608.3% during the 4th quarter. Nixon Peabody Trust Co. now owns 98,360 shares of the company’s stock valued at $14,414,000 after acquiring an additional 84,474 shares during the last quarter. Sepio Capital LP grew its holdings in shares of Procter & Gamble by 16.9% in the 4th quarter. Sepio Capital LP now owns 2,170 shares of the company’s stock valued at $318,000 after buying an additional 314 shares during the period. Skopos Labs Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $1,980,000. FMA Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $514,000. Finally, Congress Wealth Management LLC DE grew its holdings in shares of Procter & Gamble by 8.2% in the 4th quarter. Congress Wealth Management LLC DE now owns 136,300 shares of the company’s stock valued at $19,974,000 after buying an additional 10,324 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded down $0.16 on Friday, reaching $165.33. The stock had a trading volume of 3,820,090 shares, compared to its average volume of 5,487,361. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average is $161.83 and its two-hundred day moving average is $155.99. The firm has a market capitalization of $390.20 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 3.36 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $168.54.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. 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 report on Monday, March 11th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Finally, Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders have sold a total of 155,320 shares of company stock valued at $25,535,744 in the last three months. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

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.