OneDigital Investment Advisors LLC Sells 6,034 Shares of The Procter & Gamble Company (NYSE:PG)

OneDigital Investment Advisors LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,244 shares of the company’s stock after selling 6,034 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Procter & Gamble were worth $14,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the 2nd quarter valued at $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble during the second quarter valued at about $29,000. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth about $34,000. Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $44,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. This trade represents a 87.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $167.08 on Friday. The firm has a market capitalization of $393.48 billion, a P/E ratio of 28.81, a PEG ratio of 3.60 and a beta of 0.42. The business has a 50-day moving average of $170.61 and a 200-day moving average of $168.28. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the firm posted $1.83 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen assumed coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Thursday, August 29th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.