Nadler Financial Group Inc. increased its stake in The Procter & Gamble Company (NYSE:PG) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,149 shares of the company’s stock after purchasing an additional 82 shares during the quarter. Nadler Financial Group Inc.’s holdings in Procter & Gamble were worth $440,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Paragon Wealth Strategies LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth $33,000. KB Financial Partners LLC bought a new position in Procter & Gamble in the 1st quarter worth $41,000. Monumental Financial Group Inc. acquired a new position in Procter & Gamble during the 2nd quarter worth $47,000. Aspire Private Capital LLC boosted its holdings in Procter & Gamble by 85.3% during the first quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after acquiring an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $60,000. 62.94% of the stock is owned by hedge funds and other institutional investors.
Shares of PG traded down $1.64 during mid-day trading on Wednesday, hitting $147.80. 101,629 shares of the company traded hands, compared to its average volume of 7,668,993. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $357.67 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 3.70 and a beta of 0.43. The business has a 50-day moving average of $143.46 and a 200 day moving average of $140.54. The Procter & Gamble Company has a one year low of $121.54 and a one year high of $149.50.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 22nd were issued a dividend of $0.8698 per share. The ex-dividend date was Thursday, October 21st. This represents a $3.48 annualized dividend and a yield of 2.35%. Procter & Gamble’s dividend payout ratio is currently 63.62%.
In other Procter & Gamble news, CEO Gary A. Coombe sold 15,000 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $148.07, for a total value of $2,221,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David S. Taylor sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $148.00, for a total transaction of $7,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,000 shares of company stock worth $49,033,160. Corporate insiders own 0.51% of the company’s stock.
PG has been the topic of a number of research analyst reports. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Tuesday, October 5th. Morgan Stanley boosted their target price on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 7th. Citigroup increased their price target on shares of Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a report on Monday, August 2nd. Truist Securities boosted their price objective on shares of Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, August 2nd. Finally, Royal Bank of Canada increased their target price on shares of Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a research note on Monday, August 2nd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $149.41.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.
Further Reading: Margin
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