Guardian Financial Partners LLC Acquires 79 Shares of The Procter & Gamble Company (NYSE:PG)

Guardian Financial Partners LLC lifted its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 3.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,692 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Procter & Gamble comprises about 0.4% of Guardian Financial Partners LLC’s holdings, making the stock its 22nd biggest holding. Guardian Financial Partners LLC’s holdings in Procter & Gamble were worth $387,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lansing Street Advisors bought a new position in shares of Procter & Gamble in the first quarter valued at about $37,000. Western Pacific Wealth Management LP bought a new stake in Procter & Gamble during the 4th quarter worth about $40,000. Dravo Bay LLC bought a new stake in Procter & Gamble during the 1st quarter worth about $40,000. Retirement Group LLC raised its holdings in Procter & Gamble by 48.2% during the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after purchasing an additional 92 shares during the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $50,000. 63.45% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the completion of the transaction, the chief financial officer now owns 27,330 shares of the company’s stock, valued at approximately $4,081,188.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The disclosure for this sale can be found here. In the last three months, insiders sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. Evercore ISI set a $170.00 price objective on Procter & Gamble in a report on Monday, June 20th. Truist Financial dropped their price objective on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 1st. Wells Fargo & Company dropped their price objective on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Barclays dropped their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Finally, UBS Group decreased their target price on Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Price Performance

Shares of PG opened at $136.21 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The stock has a 50 day simple moving average of $142.58 and a 200 day simple moving average of $147.19. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The firm has a market capitalization of $324.93 billion, a PE ratio of 23.44, a P/E/G ratio of 3.49 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio is presently 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

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

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