Atlantic Trust LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 29.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,768 shares of the company’s stock after selling 2,005 shares during the period. Atlantic Trust LLC’s holdings in The Procter & Gamble were worth $914,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Paragon Wealth Strategies LLC bought a new stake in The Procter & Gamble during the second quarter worth approximately $33,000. KB Financial Partners LLC bought a new position in shares of The Procter & Gamble in the first quarter valued at $41,000. Aspire Private Capital LLC increased its holdings in shares of The Procter & Gamble by 85.3% in the first quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after buying an additional 198 shares in the last quarter. Cowen Prime Advisors LLC bought a new position in shares of The Procter & Gamble in the second quarter valued at $67,000. Finally, Wagner Wealth Management LLC bought a new position in shares of The Procter & Gamble in the first quarter valued at $79,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
The Procter & Gamble stock traded down $0.69 on Monday, reaching $142.86. 94,977 shares of the stock were exchanged, compared to its average volume of 7,954,714. The stock has a market cap of $346.91 billion, a PE ratio of 26.15, a PEG ratio of 3.47 and a beta of 0.43. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $121.54 and a twelve month high of $147.23. The firm has a fifty day moving average price of $142.83 and a two-hundred day moving average price of $137.69.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 23rd were given a dividend of $0.8698 per share. The ex-dividend date of this dividend was Thursday, July 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s dividend payout ratio is currently 61.48%.
Several research analysts have issued reports on PG shares. UBS Group assumed coverage on The Procter & Gamble in a report on Wednesday, June 23rd. They issued a “neutral” rating and a $138.00 price target on the stock. Truist Securities lifted their price objective on shares of The Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Citigroup lifted their price objective on shares of The Procter & Gamble from $150.00 to $154.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Erste Group upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, August 20th. Finally, Credit Suisse Group lifted their price objective on shares of The Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $151.63.
In related news, CAO Michael G. Homan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $144.04, for a total value of $1,440,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nelson Peltz sold 207,000 shares of the company’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $142.43, for a total transaction of $29,483,010.00. The disclosure for this sale can be found here. Insiders have sold 748,024 shares of company stock valued at $106,760,698 in the last ninety days. 0.51% of the stock is owned by company insiders.
The 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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