B. Riley Wealth Advisors Inc. Trims Position in The Procter & Gamble Company (NYSE:PG)

B. Riley Wealth Advisors Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,370 shares of the company’s stock after selling 82,226 shares during the quarter. Procter & Gamble comprises about 0.7% of B. Riley Wealth Advisors Inc.’s holdings, making the stock its 17th biggest holding. B. Riley Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $25,113,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. POM Investment Strategies LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $36,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $171.08 on Friday. The company’s 50 day simple moving average is $170.74 and its 200-day simple moving average is $169.55. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43. The firm has a market cap of $402.90 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. 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 posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the business posted $1.83 earnings per share. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. Procter & Gamble’s payout ratio is currently 69.48%.

Analysts Set New Price Targets

Several research firms have recently commented on PG. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Thursday, August 29th. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity

In related news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock valued at $14,629,038 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.