HBW Advisory Services LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

HBW Advisory Services LLC grew its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 108.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,079 shares of the company’s stock after acquiring an additional 17,766 shares during the quarter. Procter & Gamble comprises 1.3% of HBW Advisory Services LLC’s investment portfolio, making the stock its 14th biggest holding. HBW Advisory Services LLC’s holdings in Procter & Gamble were worth $4,900,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Northcape Wealth Management LLC grew its stake in Procter & Gamble by 95.2% during the 1st quarter. Northcape Wealth Management LLC now owns 24,189 shares of the company’s stock worth $3,696,000 after buying an additional 11,800 shares during the last quarter. First Affirmative Financial Network grew its stake in Procter & Gamble by 6.0% during the 1st quarter. First Affirmative Financial Network now owns 1,934 shares of the company’s stock worth $296,000 after buying an additional 109 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in Procter & Gamble by 624.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 131,952 shares of the company’s stock worth $20,163,000 after buying an additional 113,745 shares during the last quarter. Calamos Wealth Management LLC grew its stake in Procter & Gamble by 3.8% during the 1st quarter. Calamos Wealth Management LLC now owns 20,240 shares of the company’s stock worth $3,093,000 after buying an additional 733 shares during the last quarter. Finally, Nvest Financial LLC purchased a new position in Procter & Gamble during the 1st quarter worth approximately $432,000. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction 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 directly owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction 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 directly owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,321 shares of company stock valued at $42,559,426. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PG shares. UBS Group dropped their price target on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Truist Financial lowered their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Finally, Evercore ISI set a $170.00 target price on Procter & Gamble in a research note on Monday, June 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Stock Up 0.4 %

PG opened at $136.21 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The business has a 50 day simple moving average of $142.58 and a 200-day simple moving average of $147.19. The stock has a market capitalization of $324.93 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.49 and a beta of 0.35. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35.

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

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a dividend of $0.913 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.68%. Procter & Gamble’s dividend payout ratio is presently 62.82%.

Procter & Gamble Profile

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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.

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

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