Silvia Mccoll Wealth Management LLC Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Silvia Mccoll Wealth Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 20.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,896 shares of the company’s stock after selling 987 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in Procter & Gamble were worth $675,000 as of its most recent SEC filing.

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

Procter & Gamble Trading Down 1.1 %

Shares of PG stock opened at $170.06 on Friday. The stock’s fifty day moving average is $171.15 and its two-hundred day moving average is $166.43. The firm has a market capitalization of $401.37 billion, a P/E ratio of 27.79, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last announced 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. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the company earned $1.37 EPS. Procter & Gamble’s revenue was down .1% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PG shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Piper Sandler started coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Evercore ISI raised their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.89.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on 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 transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 383,194 shares of company stock worth $65,140,718 in the last three months. 0.17% of the stock is owned by corporate insiders.

About Procter & Gamble

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.