Gratus Wealth Advisors LLC Sells 1,115 Shares of The Procter & Gamble Company (NYSE:PG)

Gratus Wealth Advisors LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,776 shares of the company’s stock after selling 1,115 shares during the period. Gratus Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Northwest Wealth Management LLC increased its holdings in shares of Procter & Gamble by 16.3% in the fourth quarter. Northwest Wealth Management LLC now owns 2,143 shares of the company’s stock valued at $314,000 after purchasing an additional 300 shares during the period. Putnam Investments LLC grew its holdings in Procter & Gamble by 2.5% in the fourth quarter. Putnam Investments LLC now owns 4,584,974 shares of the company’s stock valued at $671,882,000 after purchasing an additional 110,005 shares during the period. Nebula Research & Development LLC increased its holdings in Procter & Gamble by 299.7% in the 4th quarter. Nebula Research & Development LLC now owns 6,364 shares of the company’s stock worth $933,000 after acquiring an additional 4,772 shares in the last quarter. First Financial Bankshares Inc acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $647,000. Finally, Creative Planning raised its holdings in shares of Procter & Gamble by 3.2% during the fourth quarter. Creative Planning now owns 1,331,563 shares of the company’s stock valued at $195,127,000 after acquiring an additional 41,120 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG opened at $168.16 on Wednesday. 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’s 50 day moving average is $171.09 and its two-hundred day moving average is $166.58. The Procter & Gamble Company has a 52-week low of $141.60 and a 52-week high of $177.94. The firm has a market cap of $396.88 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 3.73 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent research reports. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI increased their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set 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 target price for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.89.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock valued at $65,140,718 in the last three months. 0.17% of the stock is owned by corporate insiders.

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.