Murphy Capital Management Inc. Has $10.44 Million Stake in The Procter & Gamble Company (NYSE:PG)

Murphy Capital Management Inc. reduced its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,611 shares of the company’s stock after selling 244 shares during the period. Procter & Gamble accounts for approximately 1.4% of Murphy Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. Murphy Capital Management Inc.’s holdings in Procter & Gamble were worth $10,440,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PG. Norges Bank bought a new position in Procter & Gamble during the 4th quarter worth $3,726,603,000. GQG Partners LLC bought a new position in Procter & Gamble during the 4th quarter worth $1,231,791,000. CFS Investment Advisory Services LLC raised its position in Procter & Gamble by 15,150.1% during the 1st quarter. CFS Investment Advisory Services LLC now owns 4,075,289 shares of the company’s stock worth $642,000 after purchasing an additional 4,048,566 shares during the last quarter. Boston Partners raised its position in Procter & Gamble by 14,217.6% during the 1st quarter. Boston Partners now owns 3,415,888 shares of the company’s stock worth $522,695,000 after purchasing an additional 3,392,030 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Procter & Gamble by 330.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock worth $515,242,000 after acquiring an additional 2,588,640 shares in the last quarter. 63.45% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $136.21 on Friday. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35. The stock’s 50 day moving average price is $142.58 and its 200-day moving average price is $147.19. The company has a market capitalization of $324.93 billion, a PE ratio of 23.44, a PEG ratio of 3.49 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet Rating) last announced its 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). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.41 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Procter & Gamble’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the sale, the insider now owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the sale, the insider now owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Theresa Grabowski sold 10,397 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the sale, the insider now directly owns 4,353 shares in the company, valued at approximately $635,538. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,321 shares of company stock valued at $42,559,426. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Truist Financial lowered their price objective on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Finally, Evercore ISI set a $170.00 price objective on Procter & Gamble in a research report on Monday, June 20th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Profile

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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.

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

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