Hiley Hunt Wealth Management Purchases New Holdings in The Procter & Gamble Company (NYSE:PG)

Hiley Hunt Wealth Management acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,193 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently made changes to their positions in PG. Legacy Capital Group California Inc. bought a new position in shares of Procter & Gamble during the second quarter worth about $219,000. Oak Harvest Investment Services increased its holdings in shares of Procter & Gamble by 2.6% in the 2nd quarter. Oak Harvest Investment Services now owns 35,236 shares of the company’s stock valued at $5,811,000 after acquiring an additional 883 shares during the last quarter. Centennial Wealth Advisory LLC lifted its stake in Procter & Gamble by 22.0% during the second quarter. Centennial Wealth Advisory LLC now owns 3,542 shares of the company’s stock worth $584,000 after purchasing an additional 639 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Procter & Gamble by 0.9% in the second quarter. Aaron Wealth Advisors LLC now owns 14,035 shares of the company’s stock worth $2,315,000 after purchasing an additional 131 shares during the period. Finally, Pacific Wealth Strategies Group Inc. increased its stake in Procter & Gamble by 2.3% during the second quarter. Pacific Wealth Strategies Group Inc. now owns 9,300 shares of the company’s stock valued at $1,534,000 after purchasing an additional 213 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of several research reports. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Finally, DA Davidson raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $180.45.

Procter & Gamble Price Performance

Shares of PG traded down $0.63 during mid-day trading on Tuesday, reaching $170.51. The company had a trading volume of 3,499,964 shares, compared to its average volume of 6,669,829. The company’s 50-day moving average is $170.82 and its 200-day moving average is $169.71. The Procter & Gamble Company has a twelve month low of $143.13 and a twelve month high of $180.43. The company has a market capitalization of $401.56 billion, a P/E ratio of 29.56, a P/E/G ratio of 3.70 and a beta of 0.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.31%.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,080 shares of company stock valued at $14,629,038. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.