The Procter & Gamble Company (NYSE:PG) Shares Sold by Calton & Associates Inc.

Calton & Associates Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 13.9% in the second quarter, Holdings Channel.com reports. The fund owned 4,526 shares of the company’s stock after selling 732 shares during the quarter. Calton & Associates Inc.’s holdings in Procter & Gamble were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PG. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.1% in the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after buying an additional 2,394,234 shares in the last quarter. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after buying an additional 1,785,863 shares in the last quarter. State Street Corp increased its position in shares of Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after buying an additional 1,716,517 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Procter & Gamble by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock valued at $3,627,510,000 after buying an additional 983,197 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $3,726,603,000. Institutional investors and hedge funds own 63.45% of the company’s stock.

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 value of $1,517,962.00. Following the transaction, the insider now directly owns 4,353 shares of the company’s stock, valued at approximately $635,538. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $1,517,962.00. Following the transaction, the insider now directly owns 4,353 shares of the company’s stock, valued at approximately $635,538. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 289,321 shares of company stock valued at $42,559,426. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $135.73 on Thursday. The stock’s 50 day moving average price is $142.76 and its 200 day moving average price is $147.31. The firm has a market capitalization of $323.78 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 3.55 and a beta of 0.35. 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.

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). The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were given a dividend of $0.913 per share. This represents a $3.65 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PG shares. Wells Fargo & Company dropped their price target on Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, 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 report on Monday, August 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.93.

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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