Curio Wealth LLC Purchases New Holdings in The Procter & Gamble Company (NYSE:PG)

Curio Wealth LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 550 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also recently modified their holdings of PG. Lakeridge Wealth Management LLC increased its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after purchasing an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC increased its position in shares of Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after purchasing an additional 62 shares in the last quarter. Tevis Investment Management increased its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after purchasing an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA increased its position in shares of Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock worth $348,000 after purchasing an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC increased its stake in Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock valued at $970,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.2 %

Shares of NYSE PG opened at $168.20 on Monday. The company’s 50-day simple moving average is $167.27 and its 200-day simple moving average is $169.81. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The firm has a market cap of $394.39 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its 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 net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PG shares. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler cut their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.47.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by insiders.

Procter & Gamble Company 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.