HBW Advisory Services LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

HBW Advisory Services LLC increased its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 108.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,079 shares of the company’s stock after purchasing an additional 17,766 shares during the period. Procter & Gamble accounts for 1.3% of HBW Advisory Services LLC’s investment portfolio, making the stock its 14th biggest position. HBW Advisory Services LLC’s holdings in Procter & Gamble were worth $4,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Lansing Street Advisors purchased a new stake in shares of Procter & Gamble in the first quarter valued at $37,000. Western Pacific Wealth Management LP purchased a new stake in Procter & Gamble during the fourth quarter valued at about $40,000. Dravo Bay LLC purchased a new stake in Procter & Gamble during the first quarter valued at about $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Finally, IAG Wealth Partners LLC grew its position in Procter & Gamble by 31.0% during the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays lowered their price target on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Truist Financial lowered their price target 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. UBS Group reduced their price objective on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.93.

Insider Buying and Selling

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 10,397 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the sale, the insider now owns 4,353 shares in the company, valued at $635,538. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 10,397 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the sale, the insider now owns 4,353 shares in the company, valued at $635,538. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.4 %

NYSE:PG opened at $136.21 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. The business’s 50-day simple moving average is $142.58 and its 200 day simple moving average is $147.19. The stock has a market cap of $324.93 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.49 and a beta of 0.35.

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

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were paid a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.68%. 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

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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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