Commonwealth Equity Services LLC Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

Commonwealth Equity Services LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,708,929 shares of the company’s stock after selling 38,425 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Procter & Gamble worth $295,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpha Financial Advisors LLC lifted its holdings in Procter & Gamble by 8.1% during the 3rd quarter. Alpha Financial Advisors LLC now owns 1,594 shares of the company’s stock worth $276,000 after buying an additional 119 shares in the last quarter. Legacy Financial Strategies LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at $395,000. Schubert & Co grew its stake in Procter & Gamble by 3.9% during the 3rd quarter. Schubert & Co now owns 2,819 shares of the company’s stock worth $488,000 after purchasing an additional 105 shares in the last quarter. Raymond James & Associates increased its holdings in Procter & Gamble by 3.1% during the 3rd quarter. Raymond James & Associates now owns 3,572,600 shares of the company’s stock worth $618,774,000 after purchasing an additional 106,584 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its position in Procter & Gamble by 0.5% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,118,193 shares of the company’s stock valued at $193,671,000 after purchasing an additional 5,794 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Royal Bank of Canada lifted 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 report on Wednesday, July 31st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Finally, Piper Sandler initiated coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.21.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock valued at $65,140,718 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.0 %

Shares of PG stock traded up $0.01 on Friday, reaching $171.28. 8,372,536 shares of the company’s stock traded hands, compared to its average volume of 6,692,838. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The business’s 50 day moving average price is $171.77 and its two-hundred day moving average price is $167.11. The company has a market capitalization of $404.24 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.74 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is 66.94%.

Procter & Gamble Profile

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.