The Procter & Gamble Company (NYSE:PG) Stock Holdings Increased by Procyon Advisors LLC

Procyon Advisors LLC lifted its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,040 shares of the company’s stock after acquiring an additional 1,158 shares during the quarter. Procter & Gamble accounts for approximately 0.8% of Procyon Advisors LLC’s holdings, making the stock its 27th largest position. Procyon Advisors LLC’s holdings in Procter & Gamble were worth $3,457,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Lansing Street Advisors bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $37,000. Western Pacific Wealth Management LP acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $40,000. Dravo Bay LLC bought a new position in Procter & Gamble during the 1st quarter worth $40,000. Retirement Group LLC increased its position in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after buying an additional 92 shares during the period. Finally, IAG Wealth Partners LLC lifted its stake in Procter & Gamble by 31.0% in the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after buying an additional 75 shares during the last quarter. 63.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Truist Financial decreased their price target 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 shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Performance

Shares of PG opened at $137.99 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The firm’s 50 day moving average is $143.26 and its 200-day moving average is $147.58. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. The stock has a market capitalization of $329.18 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.55 and a beta of 0.35.

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 company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. Procter & Gamble’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently disclosed 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 of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.65%. Procter & Gamble’s payout ratio is presently 62.82%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jon R. Moeller sold 169,365 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the sale, the chief executive officer now owns 164,761 shares in the company, valued at $24,147,372.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jon R. Moeller sold 169,365 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 164,761 shares of the company’s stock, valued at $24,147,372.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 907 shares of the stock in a transaction dated 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 directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,321 shares of company stock valued at $42,559,426. 0.26% of the stock is currently owned by corporate insiders.

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.

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

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