EP Wealth Advisors LLC Sells 710 Shares of The Procter & Gamble Company (NYSE:PG)

EP Wealth Advisors LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,367 shares of the company’s stock after selling 710 shares during the quarter. EP Wealth Advisors LLC’s holdings in Procter & Gamble were worth $4,793,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $3,726,603,000. GQG Partners LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $1,231,791,000. Boston Partners lifted its position in shares of Procter & Gamble by 14,217.6% in the 1st quarter. Boston Partners now owns 3,415,888 shares of the company’s stock worth $522,695,000 after acquiring an additional 3,392,030 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Procter & Gamble by 330.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock worth $515,242,000 after acquiring an additional 2,588,640 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock worth $33,236,946,000 after acquiring an additional 2,394,234 shares during the period. Institutional investors own 63.45% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Mary Theresa Grabowski sold 10,397 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $146.00, for a total value of $1,517,962.00. Following the transaction, the insider now directly owns 4,353 shares in the company, valued at approximately $635,538. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 10,397 shares of Procter & Gamble stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the transaction, the insider now directly owns 4,353 shares in the company, valued at $635,538. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 987 shares of Procter & Gamble stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $147,388.71. Following the transaction, the chief financial officer now owns 27,330 shares in the company, valued at $4,081,188.90. The disclosure for this sale can be found here. Insiders have sold 289,321 shares of company stock worth $42,559,426 in the last three months. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PG. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. UBS Group dropped their target price on Procter & Gamble to $153.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Truist Financial dropped their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 1st. Finally, Wells Fargo & Company dropped their price target on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Stock Up 0.2 %

Shares of PG opened at $138.51 on Thursday. The firm has a market capitalization of $330.42 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The business’s fifty day moving average price is $143.72 and its two-hundred day moving average price is $147.97. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. On average, analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Profile

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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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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