Stolper Co Has $1.73 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Stolper Co raised its position in The Procter & Gamble Company (NYSE:PG) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,347 shares of the company’s stock after acquiring an additional 251 shares during the period. Stolper Co’s holdings in Procter & Gamble were worth $1,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paragon Wealth Strategies LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $33,000. KB Financial Partners LLC acquired a new position in shares of Procter & Gamble in the 1st quarter worth approximately $41,000. Monumental Financial Group Inc. acquired a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $47,000. Aspire Private Capital LLC raised its holdings in shares of Procter & Gamble by 85.3% in the 1st quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock worth $58,000 after buying an additional 198 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $60,000. 62.94% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble stock traded down $1.72 during midday trading on Wednesday, reaching $147.72. 85,902 shares of the company’s stock were exchanged, compared to its average volume of 7,668,993. The Procter & Gamble Company has a 52 week low of $121.54 and a 52 week high of $149.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $357.47 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 3.70 and a beta of 0.43. The stock’s 50-day simple moving average is $143.46 and its 200 day simple moving average is $140.54.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Friday, October 22nd were issued a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, October 21st. Procter & Gamble’s dividend payout ratio is presently 63.62%.

In other news, Director Nelson Peltz sold 207,000 shares of the company’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $142.43, for a total transaction of $29,483,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 1,200 shares of the company’s stock in a transaction on Tuesday, October 26th. The stock was sold at an average price of $143.00, for a total transaction of $171,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,000 shares of company stock valued at $49,033,160. Corporate insiders own 0.51% of the company’s stock.

A number of equities analysts have recently issued reports on PG shares. Truist increased their target price on Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, August 2nd. Royal Bank of Canada raised their price target on Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd. Credit Suisse Group raised their price target on Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Tuesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, October 20th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $149.41.

Procter & Gamble Company 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.

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

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