Astoria Portfolio Advisors LLC. Has $495,000 Stake in The Procter & Gamble Company (NYSE:PG)

Astoria Portfolio Advisors LLC. lifted its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,440 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Procter & Gamble were worth $495,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PG. Lansing Street Advisors bought a new position in Procter & Gamble during the 1st quarter worth $37,000. Western Pacific Wealth Management LP bought a new position in Procter & Gamble during the 4th quarter worth $40,000. Dravo Bay LLC bought a new position in Procter & Gamble during the 1st quarter worth $40,000. Retirement Group LLC raised its position in shares of Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Finally, IAG Wealth Partners LLC raised its position in shares of Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 63.45% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $138.28 on Friday. The company has a market capitalization of $329.87 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.55 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 Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The business has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $147.67.

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

Procter & Gamble Cuts Dividend

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

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 169,365 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the completion of the sale, the chief executive officer now directly owns 164,761 shares in the company, valued at approximately $24,147,372.16. 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 90 days. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PG shares. Barclays lowered their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. UBS Group lowered their price objective on Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Wells Fargo & Company reduced their target price on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Truist Financial reduced their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.93.

About Procter & Gamble

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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

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

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