PFG Advisors Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

PFG Advisors boosted its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,688 shares of the company’s stock after purchasing an additional 4,674 shares during the quarter. Procter & Gamble makes up approximately 0.6% of PFG Advisors’ holdings, making the stock its 21st largest holding. PFG Advisors’ holdings in Procter & Gamble were worth $5,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lansing Street Advisors bought a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $37,000. Western Pacific Wealth Management LP bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $40,000. Dravo Bay LLC bought a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $40,000. Retirement Group LLC increased its holdings in shares of Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its holdings in shares of Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the last quarter. 63.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PG shares. Wells Fargo & Company reduced their price objective on Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Truist Financial reduced 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. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research report on Monday, June 20th. Finally, Barclays reduced their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.93.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total transaction of $232,046.88. Following the sale, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 907 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the sale, the insider now directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. Insiders have sold 289,321 shares of company stock valued at $42,559,426 over the last three months. Company insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of Procter & Gamble stock opened at $136.21 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50. The firm has a market cap of $324.93 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.49 and a beta of 0.35. The business has a fifty day simple moving average of $142.58 and a 200-day simple moving average of $147.19. The Procter & Gamble Company has a fifty-two week low of $129.50 and a fifty-two week high of $165.35.

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

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders 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 annualized dividend and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

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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