Valmark Advisers Inc. Sells 5,489 Shares of The Procter & Gamble Company (NYSE:PG)

Valmark Advisers Inc. reduced its stake in The Procter & Gamble Company (NYSE:PG) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,252 shares of the company’s stock after selling 5,489 shares during the period. Valmark Advisers Inc.’s holdings in Procter & Gamble were worth $8,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Demars Financial Group LLC increased its holdings in Procter & Gamble by 4.4% during the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after acquiring an additional 63 shares during the period. Emerald Advisors LLC increased its holdings in Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares during the period. O Brien Wealth Partners LLC increased its holdings in Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after acquiring an additional 65 shares during the period. KFA Private Wealth Group LLC increased its holdings in Procter & Gamble by 2.2% during the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after acquiring an additional 67 shares during the period. Finally, Chemistry Wealth Management LLC increased its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock worth $856,000 after buying an additional 67 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $151,788. The disclosure for this sale can be found here. Insiders sold a total of 100,865 shares of company stock valued at $16,029,280 in the last three months. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research analyst reports. Raymond James increased their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Argus increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE:PG traded down $1.26 on Friday, hitting $161.29. The company had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The firm’s 50-day simple moving average is $159.64 and its two-hundred day simple moving average is $153.57. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32. 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 has a market capitalization of $380.67 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.27 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly 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. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 EPS. Procter & Gamble’s revenue was up .6% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble 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.