The Procter & Gamble Company (NYSE:PG) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,762 shares of the company’s stock after selling 8,300 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Procter & Gamble were worth $3,423,000 as of its most recent SEC filing.

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

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $167.08 on Friday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm’s 50 day simple moving average is $170.61 and its two-hundred day simple moving average is $168.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a market capitalization of $393.48 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter last year, the business earned $1.83 EPS. The business’s revenue was down .6% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the transaction, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $50,897,483.94. This represents a 9.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,597 shares of company stock valued at $53,268,499 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $177.00.

About Procter & Gamble

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.