180 Wealth Advisors LLC Increases Holdings in The Procter & Gamble Company (NYSE:PG)

180 Wealth Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,670 shares of the company’s stock after buying an additional 355 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lansing Street Advisors purchased a new position in Procter & Gamble during the first quarter worth about $37,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble during the fourth quarter worth about $40,000. Dravo Bay LLC purchased a new position in Procter & Gamble during the first quarter worth about $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after buying an additional 92 shares in the last quarter. Finally, IAG Wealth Partners LLC grew its position in Procter & Gamble by 31.0% during the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after buying an additional 75 shares in the last quarter. 63.45% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.6 %

PG stock opened at $138.28 on Monday. The Procter & Gamble Company has a fifty-two week low of $129.50 and a fifty-two week high of $165.35. The business’s 50 day moving average price is $143.26 and its two-hundred day moving average price is $147.63. 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 company has a market capitalization of $329.87 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.55 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last posted 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 firm had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.41 billion. During the same quarter last year, the company posted $1.13 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the sale, the insider now owns 6,253 shares in the company, valued at approximately $933,760.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jon R. Moeller sold 169,365 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $146.56, for a total value of $24,822,134.40. Following the sale, the chief executive officer now owns 164,761 shares in the company, valued at approximately $24,147,372.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the completion of the sale, the insider now owns 6,253 shares in the company, valued at approximately $933,760.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,321 shares of company stock worth $42,559,426. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PG shares. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Barclays cut their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Truist Financial cut their price objective 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 lowered their target price on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Profile

(Get Rating)

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.

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

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