180 Wealth Advisors LLC Trims Holdings in Procter & Gamble Co (NYSE:PG)

180 Wealth Advisors LLC reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,122 shares of the company’s stock after selling 4,784 shares during the quarter. Procter & Gamble accounts for about 0.7% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. 180 Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bath Savings Trust Co lifted its holdings in Procter & Gamble by 12.1% during the 2nd quarter. Bath Savings Trust Co now owns 35,968 shares of the company’s stock valued at $3,944,000 after buying an additional 3,872 shares in the last quarter. Park National Corp OH raised its holdings in shares of Procter & Gamble by 4.0% in the 2nd quarter. Park National Corp OH now owns 358,112 shares of the company’s stock valued at $39,267,000 after purchasing an additional 13,646 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Procter & Gamble by 6.9% in the 2nd quarter. Baystate Wealth Management LLC now owns 8,605 shares of the company’s stock valued at $951,000 after purchasing an additional 552 shares in the last quarter. Winfield Associates Inc. raised its holdings in shares of Procter & Gamble by 35.9% in the 2nd quarter. Winfield Associates Inc. now owns 1,169 shares of the company’s stock valued at $128,000 after purchasing an additional 309 shares in the last quarter. Finally, Swedbank raised its holdings in shares of Procter & Gamble by 0.4% in the 2nd quarter. Swedbank now owns 1,317,083 shares of the company’s stock valued at $144,419,000 after purchasing an additional 5,185 shares in the last quarter. Institutional investors own 65.64% of the company’s stock.

Several research firms have recently commented on PG. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group boosted their price target on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group boosted their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Goldman Sachs Group restated a “buy” rating and issued a $136.00 price target on shares of Procter & Gamble in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $115.00.

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total transaction of $619,320.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Valarie L. Sheppard sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 492,519 shares of company stock valued at $58,596,988. 1.75% of the stock is currently owned by company insiders.

NYSE PG opened at $124.79 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The firm has a market cap of $305.77 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a 50 day moving average price of $121.83 and a 200 day moving average price of $113.73. Procter & Gamble Co has a 52 week low of $86.74 and a 52 week high of $125.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 24.95%. Procter & Gamble’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. On average, equities research analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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