MJP Associates Inc. ADV Acquires 1,278 Shares of The Procter & Gamble Company (NYSE:PG)

MJP Associates Inc. ADV increased its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 17.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,425 shares of the company’s stock after acquiring an additional 1,278 shares during the period. MJP Associates Inc. ADV’s holdings in Procter & Gamble were worth $1,211,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Procter & Gamble by 1.1% in the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock worth $33,236,946,000 after buying an additional 2,394,234 shares during the last quarter. BlackRock Inc. raised its holdings in Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after buying an additional 1,785,863 shares during the last quarter. State Street Corp raised its holdings in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after buying an additional 1,716,517 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Procter & Gamble by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock worth $3,627,510,000 after buying an additional 983,197 shares during the last quarter. Finally, Norges Bank purchased a new position in Procter & Gamble in the fourth quarter worth about $3,726,603,000. Institutional investors own 63.45% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 10,397 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $146.00, for a total value of $1,517,962.00. Following the completion of the transaction, the insider now directly owns 4,353 shares in the company, valued at $635,538. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jon R. Moeller sold 169,365 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the completion of the transaction, the chief executive officer now owns 164,761 shares in the company, valued at $24,147,372.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Theresa Grabowski sold 10,397 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the transaction, the insider now owns 4,353 shares of the company’s stock, valued at approximately $635,538. The disclosure for this sale can be found here. Insiders sold a total of 289,321 shares of company stock worth $42,559,426 over the last three months. 0.26% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.6 %

Shares of PG stock opened at $138.28 on Monday. The stock has a market cap of $329.87 billion, a P/E ratio of 23.80, a P/E/G ratio of 3.55 and a beta of 0.35. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a 50 day simple moving average of $143.26 and a two-hundred day simple moving average of $147.63. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.64%. Procter & Gamble’s payout ratio is currently 62.82%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Barclays decreased their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Truist Financial decreased their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 1st. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a report on Monday, June 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Company Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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