The Procter & Gamble Company (NYSE:PG) Stock Holdings Increased by Guardian Financial Partners LLC

Guardian Financial Partners LLC lifted its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,692 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Procter & Gamble accounts for 0.4% of Guardian Financial Partners LLC’s portfolio, making the stock its 22nd largest position. Guardian Financial Partners LLC’s holdings in Procter & Gamble were worth $387,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lansing Street Advisors bought a new position in Procter & Gamble during the first quarter valued at approximately $37,000. Western Pacific Wealth Management LP bought a new position in Procter & Gamble during the fourth quarter valued at approximately $40,000. Dravo Bay LLC bought a new position in Procter & Gamble during the first quarter valued at approximately $40,000. Retirement Group LLC raised its position in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $50,000. 63.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Truist Financial dropped their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. UBS Group dropped their price target on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Barclays dropped their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the sale, the insider now owns 6,253 shares in the company, valued at $933,760.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Theresa Grabowski sold 16,000 shares of Procter & Gamble stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the transaction, the insider now directly owns 4,326 shares of the company’s stock, valued at $635,922. The disclosure for this sale can be found here. Insiders have sold 289,321 shares of company stock worth $42,559,426 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of Procter & Gamble stock opened at $136.21 on Friday. The company’s fifty day simple moving average is $142.58 and its 200-day simple moving average is $147.19. The company has a market cap of $324.93 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.49 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly 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 for the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were paid 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 yield of 2.68%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Company 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.

Further Reading

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.