118,147 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,147 shares of the company’s stock, valued at approximately $19,519,000. Procter & Gamble makes up 6.5% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its biggest holding.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the second quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. Finally, POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Evercore ISI lifted their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Price Performance

Shares of PG opened at $173.07 on Wednesday. The stock has a market cap of $408.47 billion, a PE ratio of 28.28, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. 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 business has a 50-day simple moving average of $171.01 and a two-hundred day simple moving average of $166.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.