Prospera Financial Services Inc raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,112 shares of the company's stock after acquiring an additional 6,895 shares during the quarter. Procter & Gamble makes up 1.0% of Prospera Financial Services Inc's investment portfolio, making the stock its 10th biggest holding. Prospera Financial Services Inc's holdings in Procter & Gamble were worth $39,353,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its position in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company's stock worth $5,192,000 after buying an additional 1,657 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company's stock valued at $1,733,000 after purchasing an additional 206 shares in the last quarter. Bessemer Group Inc. grew its position in Procter & Gamble by 0.3% during the first quarter. Bessemer Group Inc. now owns 784,525 shares of the company's stock worth $127,289,000 after buying an additional 2,655 shares during the period. Evermay Wealth Management LLC boosted its stake in shares of Procter & Gamble by 9.0% during the 1st quarter. Evermay Wealth Management LLC now owns 6,987 shares of the company's stock worth $1,134,000 after acquiring an additional 574 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in Procter & Gamble during the first quarter worth $1,552,000. Hedge funds and other institutional investors own 65.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Wolfe Research upgraded shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. Dbs Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 1st. Evercore ISI lifted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective for the company. Finally, 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 research note on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $177.00.
Check Out Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Stock Up 0.0 %
NYSE:PG traded up $0.02 during mid-day trading on Tuesday, reaching $170.77. The stock had a trading volume of 2,280,834 shares, compared to its average volume of 6,657,253. 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 stock's 50 day simple moving average is $170.21 and its two-hundred day simple moving average is $168.45. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a market capitalization of $402.17 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The firm's revenue was down .6% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.
Procter & Gamble Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's dividend payout ratio (DPR) is 69.48%.
Insiders Place Their Bets
In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the completion of the transaction, the chief executive officer now owns 300,777 shares in the company, valued at approximately $51,252,400.80. The trade was a 22.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. This trade represents a 87.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,727 shares of company stock valued at $46,014,037 over the last three months. Company insiders own 0.18% of the company's stock.
Procter & Gamble Profile
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Free Report)
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.
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