W Advisors LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

W Advisors LLC increased its holdings in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 3rd quarter, Holdings Channel reports. The fund owned 6,032 shares of the company’s stock after buying an additional 119 shares during the quarter. W Advisors LLC’s holdings in Procter & Gamble were worth $1,045,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Lebenthal Global Advisors LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $201,000. Valued Wealth Advisors LLC increased its stake in Procter & Gamble by 11.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after purchasing an additional 61 shares in the last quarter. Hills Bank & Trust Co raised its holdings in Procter & Gamble by 2.9% in the 3rd quarter. Hills Bank & Trust Co now owns 117,084 shares of the company’s stock worth $20,279,000 after acquiring an additional 3,249 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Procter & Gamble by 12.9% during the third quarter. Focus Financial Network Inc. now owns 26,133 shares of the company’s stock valued at $4,526,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Procter & Gamble by 5.8% during the 3rd quarter. Principal Securities Inc. now owns 28,627 shares of the company’s stock valued at $4,958,000 after acquiring an additional 1,579 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Citigroup lifted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Trading Up 0.6 %

Shares of Procter & Gamble stock traded up $0.99 on Friday, hitting $166.17. 1,042,324 shares of the company traded hands, compared to its average volume of 6,625,553. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a market cap of $391.34 billion, a PE ratio of 28.60, a PEG ratio of 3.59 and a beta of 0.41. The stock’s 50 day moving average price is $171.70 and its 200-day moving average price is $167.84. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 389,144 shares of company stock valued at $66,184,385 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.