The Procter & Gamble Company (NYSE:PG) Position Boosted by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 22.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 98,247 shares of the company’s stock after acquiring an additional 17,777 shares during the quarter. EP Wealth Advisors LLC’s holdings in Procter & Gamble were worth $16,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PG. HighPoint Advisor Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $17,696,000. Bayesian Capital Management LP lifted its holdings in Procter & Gamble by 43.0% in the 4th quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock valued at $7,743,000 after acquiring an additional 15,900 shares during the last quarter. Steele Capital Management Inc. bought a new position in shares of Procter & Gamble during the 1st quarter valued at about $204,000. Gilbert & Cook Inc. raised its holdings in shares of Procter & Gamble by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Mosley Wealth Management acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $537,000. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock valued at $63,829,141 in the last quarter. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $173.55 on Monday. The firm has a market cap of $409.60 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company’s fifty day moving average is $170.79 and its 200-day moving average is $166.20. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is 65.85%.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Citigroup upped their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Finally, Barclays dropped their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.89.

Procter & Gamble Company Profile

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.