The Procter & Gamble Company (NYSE:PG) Shares Sold by Chicago Partners Investment Group LLC

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Chicago Partners Investment Group LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,051 shares of the company’s stock after selling 651 shares during the period. Chicago Partners Investment Group LLC’s holdings in The Procter & Gamble were worth $2,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PG. Morgan Stanley boosted its holdings in shares of The Procter & Gamble by 54.8% in the first quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after acquiring an additional 7,392,929 shares in the last quarter. First Command Bank boosted its holdings in shares of The Procter & Gamble by 41.0% in the second quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after acquiring an additional 6,970 shares in the last quarter. Pacific Wealth Strategies Group Inc. boosted its holdings in shares of The Procter & Gamble by 6.2% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 14,217 shares of the company’s stock valued at $1,700,000 after acquiring an additional 832 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of The Procter & Gamble by 11.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 19,560 shares of the company’s stock valued at $2,339,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Callahan Advisors LLC boosted its holdings in shares of The Procter & Gamble by 1.4% in the second quarter. Callahan Advisors LLC now owns 108,129 shares of the company’s stock valued at $12,929,000 after acquiring an additional 1,543 shares in the last quarter. Institutional investors and hedge funds own 62.81% of the company’s stock.

A number of analysts recently weighed in on PG shares. Barclays restated a “buy” rating on shares of The Procter & Gamble in a report on Sunday, August 2nd. Royal Bank of Canada restated a “neutral” rating and set a $128.00 target price on shares of The Procter & Gamble in a report on Tuesday, October 20th. Berenberg Bank restated a “hold” rating and set a $156.00 target price on shares of The Procter & Gamble in a report on Thursday, October 22nd. Truist raised their target price on shares of The Procter & Gamble from $125.00 to $150.00 in a report on Monday, October 19th. Finally, Jefferies Financial Group raised their target price on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The Procter & Gamble has a consensus rating of “Buy” and an average price target of $144.50.

The Procter & Gamble stock opened at $144.28 on Monday. The company has a 50 day moving average price of $140.78 and a 200 day moving average price of $129.00. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $146.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market capitalization of $357.76 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 5.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a $0.7907 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The Procter & Gamble’s payout ratio is 61.72%.

In other news, insider Kathleen B. Fish sold 34,513 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $140.00, for a total transaction of $4,831,820.00. Following the transaction, the insider now owns 48,683 shares in the company, valued at approximately $6,815,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Taylor sold 35,000 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $143.31, for a total transaction of $5,015,850.00. In the last quarter, insiders sold 494,213 shares of company stock valued at $69,461,646. Insiders own 0.70% of the company’s stock.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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