Fairhaven Wealth Management LLC Acquires 98 Shares of The Procter & Gamble Company (NYSE:PG)

Fairhaven Wealth Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,009 shares of the company’s stock after buying an additional 98 shares during the period. Fairhaven Wealth Management LLC’s holdings in Procter & Gamble were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $33,000. Bay Harbor Wealth Management LLC grew its position in Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after purchasing an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $46,000. Costello Asset Management INC raised its holdings in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC lifted its stake in shares of Procter & Gamble by 46.7% in the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.1 %

Shares of PG stock opened at $170.41 on Tuesday. 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 company has a market cap of $399.59 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm has a fifty day moving average price of $166.02 and a 200-day moving average price of $169.44.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.42.

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.