The Procter & Gamble Company (NYSE:PG) is Ridgecrest Wealth Partners LLC’s 10th Largest Position

Ridgecrest Wealth Partners LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,392 shares of the company’s stock after selling 1,210 shares during the period. Procter & Gamble accounts for 2.9% of Ridgecrest Wealth Partners LLC’s portfolio, making the stock its 10th biggest position. Ridgecrest Wealth Partners LLC’s holdings in Procter & Gamble were worth $5,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Curran Financial Partners LLC boosted its holdings in shares of Procter & Gamble by 6.7% during the 4th quarter. Curran Financial Partners LLC now owns 5,625 shares of the company’s stock valued at $943,000 after buying an additional 354 shares in the last quarter. McLean Asset Management Corp lifted its holdings in shares of Procter & Gamble by 12.1% during the fourth quarter. McLean Asset Management Corp now owns 2,729 shares of the company’s stock valued at $458,000 after purchasing an additional 295 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Procter & Gamble by 3.5% in the 4th quarter. Cornerstone Wealth Group LLC now owns 55,150 shares of the company’s stock worth $9,246,000 after purchasing an additional 1,886 shares in the last quarter. waypoint wealth counsel grew its stake in shares of Procter & Gamble by 5.4% in the 4th quarter. waypoint wealth counsel now owns 1,378 shares of the company’s stock worth $231,000 after buying an additional 70 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $50,049,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction 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 directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped 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. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Trading Down 1.9 %

Shares of PG stock opened at $166.35 on Wednesday. The stock has a fifty day simple moving average of $168.83 and a two-hundred day simple moving average of $169.42. 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 capitalization of $390.07 billion, a PE ratio of 26.49, a PEG ratio of 3.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued 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 return on equity of 32.88% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the company earned $1.84 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.