The Procter & Gamble Company (NYSE:PG) is B. Riley Wealth Advisors Inc.'s 10th Largest Position

B. Riley Wealth Advisors Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,168 shares of the company's stock after buying an additional 28,798 shares during the quarter. Procter & Gamble accounts for approximately 1.0% of B. Riley Wealth Advisors Inc.'s holdings, making the stock its 10th largest position. B. Riley Wealth Advisors Inc.'s holdings in Procter & Gamble were worth $29,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC grew its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the period. Navigoe LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. grew its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the 4th quarter worth $34,000. Finally, 10Elms LLP purchased a new position in Procter & Gamble during the fourth quarter valued at $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble 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 completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,520 shares of company stock valued at $7,909,388 over the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on PG. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Truist Financial dropped their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.

Procter & Gamble Price Performance

Shares of PG traded down $0.43 during mid-day trading on Wednesday, hitting $167.33. 5,367,489 shares of the stock were exchanged, compared to its average volume of 7,287,524. 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 company has a market cap of $392.31 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm has a 50-day moving average of $164.14 and a two-hundred day moving average of $167.35.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.53%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

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.