The Procter & Gamble Company (NYSE:PG) is Wilmington Savings Fund Society FSB's 7th Largest Position

Wilmington Savings Fund Society FSB grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 505.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,475 shares of the company's stock after buying an additional 538,889 shares during the period. Procter & Gamble makes up 2.0% of Wilmington Savings Fund Society FSB's holdings, making the stock its 7th biggest position. Wilmington Savings Fund Society FSB's holdings in Procter & Gamble were worth $111,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Acorn Creek Capital LLC increased its holdings in Procter & Gamble by 2.8% in the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company's stock worth $376,000 after buying an additional 59 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in shares of Procter & Gamble by 1.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company's stock worth $963,000 after acquiring an additional 59 shares during the period. Hudson Value Partners LLC raised its holdings in shares of Procter & Gamble by 4.1% during the second quarter. Hudson Value Partners LLC now owns 1,516 shares of the company's stock valued at $250,000 after purchasing an additional 60 shares during the last quarter. Traveka Wealth LLC boosted its holdings in Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company's stock worth $616,000 after purchasing an additional 60 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its position in Procter & Gamble by 0.7% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company's stock worth $1,507,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,080 shares of company stock worth $14,629,038. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. DZ Bank raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Barclays cut Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 price objective on the stock. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $180.45.

Procter & Gamble Price Performance

NYSE PG traded up $0.23 during trading hours on Thursday, reaching $170.86. The company's stock had a trading volume of 4,071,384 shares, compared to its average volume of 6,698,615. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $402.38 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.68 and a beta of 0.44. The firm's 50-day moving average price is $170.68 and its 200-day moving average price is $169.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble's dividend payout ratio (DPR) is 69.31%.

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.