SevenBridge Financial Group LLC Sells 357 Shares of The Procter & Gamble Company (NYSE:PG)

SevenBridge Financial Group LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,232 shares of the company’s stock after selling 357 shares during the quarter. Procter & Gamble comprises 1.3% of SevenBridge Financial Group LLC’s holdings, making the stock its 19th biggest holding. SevenBridge Financial Group LLC’s holdings in Procter & Gamble were worth $3,947,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Procyon Private Wealth Partners LLC lifted its position in shares of Procter & Gamble by 2.4% during the third quarter. Procyon Private Wealth Partners LLC now owns 16,312 shares of the company’s stock worth $2,280,000 after acquiring an additional 387 shares in the last quarter. Norway Savings Bank lifted its position in shares of Procter & Gamble by 7.0% during the third quarter. Norway Savings Bank now owns 19,269 shares of the company’s stock worth $2,694,000 after acquiring an additional 1,263 shares in the last quarter. First United Bank & Trust lifted its position in shares of Procter & Gamble by 0.6% during the third quarter. First United Bank & Trust now owns 17,236 shares of the company’s stock worth $2,410,000 after acquiring an additional 100 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its position in shares of Procter & Gamble by 25.3% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 3,281 shares of the company’s stock worth $459,000 after buying an additional 662 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of Procter & Gamble by 35.6% in the third quarter. Aprio Wealth Management LLC now owns 2,014 shares of the company’s stock worth $282,000 after buying an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 62.94% of the company’s stock.

PG stock opened at $148.66 on Thursday. The firm has a 50 day moving average price of $143.53 and a 200-day moving average price of $140.59. The Procter & Gamble Company has a 52-week low of $121.54 and a 52-week high of $149.50. The firm has a market capitalization of $359.75 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.70 and a beta of 0.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.87 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 5.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were issued a $0.8698 dividend. The ex-dividend date was Thursday, October 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s payout ratio is currently 63.62%.

A number of brokerages recently issued reports on PG. Erste Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, August 20th. Bank of America started coverage on Procter & Gamble in a research report on Tuesday, October 5th. They issued a “buy” rating on the stock. Truist raised their price target on Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, August 2nd. Evercore ISI reaffirmed a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a research note on Sunday, September 12th. Finally, Citigroup raised their price objective on Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a research note on Monday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $149.41.

In related news, CAO Michael G. Homan sold 10,134 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $148.29, for a total value of $1,502,770.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 8,115 shares of the company’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $148.40, for a total transaction of $1,204,266.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,249 shares of company stock valued at $51,740,197. 0.51% of the stock is currently owned by insiders.

Procter & Gamble Profile

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: Death Cross

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

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