Aletheian Wealth Advisors LLC bought a new stake in The Procter & Gamble Company (NYSE:PG – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,510 shares of the company’s stock, valued at approximately $217,000.
A number of other large investors have also modified their holdings of the company. Financial Management Network Inc. acquired a new position in shares of Procter & Gamble in the second quarter valued at $405,000. Vigilare Wealth Management raised its stake in Procter & Gamble by 1.6% during the second quarter. Vigilare Wealth Management now owns 10,413 shares of the company’s stock worth $1,497,000 after acquiring an additional 165 shares in the last quarter. American National Bank raised its stake in Procter & Gamble by 5.4% during the second quarter. American National Bank now owns 75,133 shares of the company’s stock worth $10,803,000 after acquiring an additional 3,824 shares in the last quarter. Brookstone Capital Management raised its stake in Procter & Gamble by 3.5% during the second quarter. Brookstone Capital Management now owns 55,980 shares of the company’s stock worth $8,118,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Range Financial Group LLC raised its stake in Procter & Gamble by 6.9% during the second quarter. Range Financial Group LLC now owns 2,900 shares of the company’s stock worth $417,000 after acquiring an additional 187 shares in the last quarter. 63.45% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Trading Down 0.2 %
NYSE:PG opened at $137.99 on Tuesday. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The business’s 50-day moving average price is $143.26 and its two-hundred day moving average price is $147.58. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $329.18 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.55 and a beta of 0.35.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current year.
Procter & Gamble Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were given a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is presently 62.82%.
Insider Activity at Procter & Gamble
In related news, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction that occurred 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 owns 4,002 shares of the company’s stock, valued at approximately $580,770.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Mary Theresa Grabowski sold 10,397 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the completion of the transaction, the insider now directly owns 4,353 shares in the company, valued at approximately $635,538. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. 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 insiders.
Analyst Upgrades and Downgrades
PG has been the topic of several research analyst reports. Truist Financial decreased their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 1st. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Barclays decreased their price target on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Finally, UBS Group decreased their price target on Procter & Gamble to $153.00 in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $162.93.
Procter & Gamble Profile
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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