The Procter & Gamble Company (NYSE:PG) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,480 shares of the company’s stock after selling 9,664 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Procter & Gamble were worth $25,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Procter & Gamble by 41.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,989 shares of the company’s stock worth $731,000 after buying an additional 1,471 shares during the last quarter. Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $33,000. Handelsbanken Fonder AB grew its holdings in Procter & Gamble by 1.7% during the 4th quarter. Handelsbanken Fonder AB now owns 872,378 shares of the company’s stock valued at $127,838,000 after purchasing an additional 14,251 shares in the last quarter. Nikulski Financial Inc. grew its stake in shares of Procter & Gamble by 6.0% during the fourth quarter. Nikulski Financial Inc. now owns 2,318 shares of the company’s stock valued at $340,000 after acquiring an additional 131 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in Procter & Gamble in the fourth quarter valued at about $376,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,389 shares of company stock worth $14,373,932. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock traded down $0.25 during trading hours on Wednesday, hitting $170.16. 3,971,599 shares of the company’s stock were exchanged, compared to its average volume of 6,627,734. The stock’s 50-day moving average is $167.17 and its 200-day moving average is $163.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89. The stock has a market cap of $401.60 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 3.66 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the firm earned $1.37 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is presently 65.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.95.

Procter & Gamble Company Profile

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.