Capital Analysts LLC Has $8.88 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Capital Analysts LLC raised its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,791 shares of the company’s stock after buying an additional 2,156 shares during the quarter. Procter & Gamble accounts for about 0.6% of Capital Analysts LLC’s investment portfolio, making the stock its 27th largest position. Capital Analysts LLC’s holdings in Procter & Gamble were worth $8,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its stake in Procter & Gamble by 20.2% in the 1st quarter. IFM Investors Pty Ltd now owns 388,470 shares of the company’s stock valued at $59,358,000 after buying an additional 65,318 shares in the last quarter. CCLA Investment Management Ltd boosted its stake in Procter & Gamble by 29.0% in the 1st quarter. CCLA Investment Management Ltd now owns 9,625 shares of the company’s stock valued at $1,471,000 after buying an additional 2,163 shares in the last quarter. Axiom Financial Strategies LLC boosted its stake in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after buying an additional 113 shares in the last quarter. Stack Financial Management Inc boosted its stake in Procter & Gamble by 4.2% in the 1st quarter. Stack Financial Management Inc now owns 94,748 shares of the company’s stock valued at $14,477,000 after buying an additional 3,830 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in Procter & Gamble by 1.5% in the 1st quarter. Liberty One Investment Management LLC now owns 134,917 shares of the company’s stock valued at $20,615,000 after buying an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 63.45% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock traded up $0.83 on Thursday, reaching $146.45. 4,296,014 shares of the stock were exchanged, compared to its average volume of 6,557,472. The stock has a market cap of $349.36 billion, a PE ratio of 25.38, a P/E/G ratio of 4.18 and a beta of 0.41. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $165.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.62 and a quick ratio of 0.41. The stock has a 50 day moving average price of $133.59 and a 200 day moving average price of $140.37.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Wednesday, October 19th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. Procter & Gamble had a return on equity of 32.66% and a net margin of 18.11%. The company had revenue of $20.61 billion during the quarter, compared to the consensus estimate of $20.37 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 5.83 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 21st were paid a dividend of $0.9133 per share. The ex-dividend date of this dividend was Thursday, October 20th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is 63.26%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley decreased their price target on Procter & Gamble from $177.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $149.00 to $164.00 in a research report on Tuesday. Credit Suisse Group cut their price objective on Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. Evercore ISI cut their price objective on Procter & Gamble to $145.00 in a research report on Thursday, October 20th. Finally, Truist Financial cut their price objective on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction on Monday, November 21st. The stock was sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the completion of the sale, the chief executive officer now directly owns 12,312 shares of the company’s stock, valued at $1,785,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 9,922 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $145.00, for a total value of $1,438,690.00. Following the completion of the transaction, the chief executive officer now directly owns 12,312 shares of the company’s stock, valued at $1,785,240. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 14,922 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $139.60, for a total value of $2,083,111.20. Following the completion of the transaction, the chief executive officer now directly owns 12,310 shares of the company’s stock, valued at $1,718,476. The disclosure for this sale can be found here. Insiders sold a total of 69,209 shares of company stock valued at $9,708,325 over the last three months. Company insiders own 0.26% of the company’s stock.

About Procter & Gamble

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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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