Centennial Wealth Advisory LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Centennial Wealth Advisory LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,087 shares of the company’s stock, valued at approximately $731,000.

Several other large investors also recently bought and sold shares of the stock. Lansing Street Advisors acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $37,000. Western Pacific Wealth Management LP acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $40,000. Dravo Bay LLC acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $40,000. Retirement Group LLC boosted its position in shares of Procter & Gamble by 48.2% during the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Susan Street Whaley sold 907 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at $728,770. The disclosure for this sale can be found here. In the last three months, insiders sold 289,321 shares of company stock valued at $42,559,426. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. Evercore ISI set a $170.00 target price on Procter & Gamble in a research report on Monday, June 20th. Wells Fargo & Company decreased their target price on Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Truist Financial decreased their target price 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. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Finally, StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Down 1.3 %

Procter & Gamble stock opened at $135.73 on Thursday. The stock has a market capitalization of $323.78 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.55 and a beta of 0.35. The stock has a 50 day moving average of $142.76 and a two-hundred day moving average of $147.31. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.13 earnings per share. As a group, research analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were paid a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

Procter & Gamble Company Profile

(Get Rating)

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.

Further Reading

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

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