The Procter & Gamble Company (NYSE:PG) Shares Sold by SPC Financial Inc.

SPC Financial Inc. reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,716 shares of the company’s stock after selling 159 shares during the quarter. SPC Financial Inc.’s holdings in Procter & Gamble were worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighPoint Advisor Group LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $17,696,000. Bayesian Capital Management LP boosted its stake in Procter & Gamble by 43.0% in the 4th quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock worth $7,743,000 after buying an additional 15,900 shares during the last quarter. Steele Capital Management Inc. purchased a new stake in Procter & Gamble in the 1st quarter valued at about $204,000. Mosley Wealth Management acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $537,000. Finally, United Advisor Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $3,463,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 0.2 %

PG stock opened at $173.14 on Tuesday. The company has a 50 day moving average of $170.88 and a two-hundred day moving average of $166.28. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The company has a market cap of $408.63 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Company 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.