TRUE Private Wealth Advisors Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

TRUE Private Wealth Advisors lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,195 shares of the company’s stock after selling 979 shares during the period. TRUE Private Wealth Advisors’ holdings in The Procter & Gamble were worth $970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cutler Investment Counsel LLC boosted its position in The Procter & Gamble by 0.3% during the 2nd quarter. Cutler Investment Counsel LLC now owns 69,013 shares of the company’s stock worth $9,312,000 after purchasing an additional 190 shares during the period. Mercer Global Advisors Inc. ADV grew its position in The Procter & Gamble by 16.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 257,691 shares of the company’s stock valued at $34,770,000 after acquiring an additional 36,322 shares in the last quarter. Davidson Capital Management Inc. lifted its position in shares of The Procter & Gamble by 4.4% during the second quarter. Davidson Capital Management Inc. now owns 8,938 shares of the company’s stock worth $1,206,000 after purchasing an additional 375 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in The Procter & Gamble by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 586,650 shares of the company’s stock worth $79,157,000 after buying an additional 5,157 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its stake in shares of The Procter & Gamble by 6.7% during the second quarter. Nicholas Hoffman & Company LLC. now owns 31,880 shares of the company’s stock valued at $4,302,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors own 62.51% of the company’s stock.

Shares of NYSE:PG traded down $0.37 during midday trading on Wednesday, hitting $145.06. 12,059 shares of the stock were exchanged, compared to its average volume of 7,949,646. The business’s fifty day simple moving average is $141.87 and its two-hundred day simple moving average is $136.63. The Procter & Gamble Company has a 52-week low of $121.54 and a 52-week high of $147.23. The company has a market capitalization of $352.25 billion, a PE ratio of 26.49, a P/E/G ratio of 3.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.52 and a current ratio of 0.70.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The Procter & Gamble had a net margin of 18.80% and a return on equity of 31.49%. The business had revenue of $18.95 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period last year, the business posted $1.16 EPS. The Procter & Gamble’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 23rd were given a $0.8698 dividend. This represents a $3.48 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, July 22nd. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s dividend payout ratio is 61.48%.

In other news, insider Mary Theresa Grabowski sold 15,539 shares of the stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $143.00, for a total transaction of $2,222,077.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andre Schulten sold 1,010 shares of the company’s stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of $144.37, for a total value of $145,813.70. The disclosure for this sale can be found here. Insiders sold 748,024 shares of company stock worth $106,760,698 over the last quarter. Company insiders own 0.51% of the company’s stock.

PG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Tuesday, July 20th. Royal Bank of Canada lifted their target price on The Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a research note on Monday, August 2nd. Credit Suisse Group raised their price target on The Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 2nd. Truist upped their price objective on The Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, August 2nd. Finally, UBS Group assumed coverage on shares of The Procter & Gamble in a report on Wednesday, June 23rd. They set a “neutral” rating and a $138.00 price target for the company. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $151.63.

About The Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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