Angeles Investment Advisors LLC Sells 208 Shares of The Procter & Gamble Company (NYSE:PG)

Angeles Investment Advisors LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,106 shares of the company’s stock after selling 208 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble in the third quarter worth $33,000. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the fourth quarter worth $34,000. Atlantic Private Wealth LLC increased its holdings in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares during the period. Finally, Noble Wealth Management PBC bought a new position in shares of Procter & Gamble in the fourth quarter worth $39,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $166.60 on Monday. The firm has a market cap of $390.66 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50 day moving average price of $167.97 and a 200-day moving average price of $169.65.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last quarter. 0.18% of the stock is owned by corporate 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.