The Procter & Gamble Company (NYSE:PG) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC lessened its position in The Procter & Gamble Company (NYSE:PG) by 43.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,014 shares of the company’s stock after selling 7,620 shares during the quarter. BKM Wealth Management LLC’s holdings in Procter & Gamble were worth $1,734,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PG. Howard Financial Services LTD. increased its holdings in shares of Procter & Gamble by 4.3% in the first quarter. Howard Financial Services LTD. now owns 1,832 shares of the company’s stock valued at $297,000 after purchasing an additional 75 shares during the last quarter. Artemis Investment Management LLP increased its position in Procter & Gamble by 12.2% during the first quarter. Artemis Investment Management LLP now owns 58,476 shares of the company’s stock worth $9,483,000 after purchasing an additional 6,345 shares during the last quarter. Capital Asset Advisory Services LLC raised its stake in Procter & Gamble by 2.9% during the first quarter. Capital Asset Advisory Services LLC now owns 43,239 shares of the company’s stock worth $6,750,000 after purchasing an additional 1,229 shares during the period. Sendero Wealth Management LLC boosted its holdings in Procter & Gamble by 0.7% in the 1st quarter. Sendero Wealth Management LLC now owns 16,619 shares of the company’s stock valued at $2,696,000 after purchasing an additional 116 shares during the last quarter. Finally, Norwood Financial Corp grew its stake in shares of Procter & Gamble by 5.3% in the 1st quarter. Norwood Financial Corp now owns 3,080 shares of the company’s stock valued at $500,000 after buying an additional 155 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PG shares. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, TD Cowen began coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 397,986 shares of company stock valued at $67,642,430. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Down 0.8 %

Shares of PG stock opened at $168.22 on Friday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business’s fifty day moving average price is $171.93 and its 200 day moving average price is $167.55. The firm has a market capitalization of $396.16 billion, a PE ratio of 29.00, a P/E/G ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 EPS. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.