OneAscent Wealth Management LLC Takes $647,000 Position in The Procter & Gamble Company (NYSE:PG)

OneAscent Wealth Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,738 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. boosted its position in Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares in the last quarter. Quent Capital LLC lifted its position in shares of Procter & Gamble by 2.0% during the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after buying an additional 206 shares in the last quarter. PYA Waltman Capital LLC lifted its position in shares of Procter & Gamble by 2.1% during the 1st quarter. PYA Waltman Capital LLC now owns 15,002 shares of the company’s stock valued at $2,434,000 after buying an additional 308 shares in the last quarter. Hilltop Partners LLC lifted its position in shares of Procter & Gamble by 20.2% during the 1st quarter. Hilltop Partners LLC now owns 8,744 shares of the company’s stock valued at $1,419,000 after buying an additional 1,470 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC lifted its position in shares of Procter & Gamble by 102.2% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 986,900 shares of the company’s stock valued at $160,125,000 after buying an additional 498,900 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, COO Shailesh Jejurikar sold 10,623 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the completion of the transaction, the chief operating officer now directly owns 23,890 shares in the company, valued at $4,042,665.80. This trade represents a 30.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, 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. In the last ninety days, insiders sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

PG has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus increased their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, DA Davidson increased their price objective on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Trading Up 0.2 %

Shares of PG traded up $0.37 during midday trading on Monday, reaching $169.91. The company had a trading volume of 812,871 shares, compared to its average volume of 6,649,229. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The stock has a market cap of $400.14 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The firm has a 50 day simple moving average of $170.32 and a 200-day simple moving average of $168.40. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Procter & Gamble Company 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.