The Procter & Gamble Company (NYSE:PG) Shares Purchased by BIP Wealth LLC

BIP Wealth LLC grew its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 93.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 9,595 shares of the company's stock after buying an additional 4,646 shares during the period. BIP Wealth LLC's holdings in Procter & Gamble were worth $1,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc increased its position in Procter & Gamble by 3.1% during the 3rd quarter. Prospera Financial Services Inc now owns 227,112 shares of the company's stock worth $39,353,000 after purchasing an additional 6,895 shares during the period. OneAscent Financial Services LLC acquired a new position in Procter & Gamble during the third quarter worth $3,307,000. Belmont Capital LLC boosted its position in shares of Procter & Gamble by 42.9% during the 3rd quarter. Belmont Capital LLC now owns 28,830 shares of the company's stock worth $4,993,000 after purchasing an additional 8,650 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Procter & Gamble by 3.3% in the 3rd quarter. Caprock Group LLC now owns 60,752 shares of the company's stock valued at $10,522,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in Procter & Gamble by 0.4% during the third quarter. Pathstone Holdings LLC now owns 324,565 shares of the company's stock worth $56,214,000 after buying an additional 1,402 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares in the company, 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. Insiders have sold a total of 270,727 shares of company stock worth $46,014,037 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. DZ Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a research report on Thursday, September 19th. Morgan Stanley lifted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Piper Sandler initiated coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective on the stock. Finally, Jefferies Financial Group cut Procter & Gamble from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $177.00.

Procter & Gamble Stock Up 0.7 %

Shares of Procter & Gamble stock opened at $170.80 on Tuesday. The business has a 50-day moving average of $170.21 and a 200-day moving average of $168.45. 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 $402.24 billion, a PE ratio of 29.45, a P/E/G ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share 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 firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble's dividend payout ratio is presently 69.48%.

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.

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