Mills Wealth Advisors LLC Makes New $203,000 Investment in The Procter & Gamble Company (NYSE:PG)

Mills Wealth Advisors LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,209 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also modified their holdings of PG. Lakeridge Wealth Management LLC lifted its holdings 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 during the period. Valued Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 11.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after acquiring an additional 61 shares during the period. Colton Groome Financial Advisors LLC boosted its position in 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 boosted its position in shares of Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after buying an additional 65 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its holdings in shares of Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after purchasing an additional 66 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

PG opened at $172.07 on Friday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. 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 stock has a market capitalization of $403.48 billion, a PE ratio of 27.40, a P/E/G ratio of 3.76 and a beta of 0.45. The firm’s fifty day moving average price is $166.17 and its 200 day moving average price is $169.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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. 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 the consensus estimate of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. 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 2.34%. Procter & Gamble’s payout ratio is currently 64.01%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PG shares. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler cut their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.