National Asset Management Inc. increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,522 shares of the company’s stock after buying an additional 13,139 shares during the quarter. National Asset Management Inc.’s holdings in The Procter & Gamble were worth $8,588,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Newfound Research LLC purchased a new position in shares of The Procter & Gamble in the 3rd quarter worth about $29,000. Costello Asset Management INC bought a new stake in shares of The Procter & Gamble during the second quarter valued at approximately $35,000. FAI Wealth Management boosted its position in shares of The Procter & Gamble by 203.0% during the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock worth $36,000 after buying an additional 203 shares during the period. Estate Counselors LLC bought a new position in The Procter & Gamble in the 2nd quarter worth approximately $47,000. Finally, Barnett & Company Inc. grew its holdings in The Procter & Gamble by 23.4% in the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock worth $54,000 after buying an additional 86 shares in the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.
In other The Procter & Gamble news, VP Valarie L. Sheppard sold 4,688 shares of The Procter & Gamble stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total transaction of $648,256.64. Following the transaction, the vice president now directly owns 26,704 shares in the company, valued at approximately $3,692,629.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Insiders sold a total of 498,214 shares of company stock worth $70,239,802 in the last three months. 0.70% of the stock is currently owned by company insiders.
NYSE:PG traded up $0.40 during trading hours on Tuesday, reaching $142.83. 143,548 shares of the company’s stock were exchanged, compared to its average volume of 8,202,316. The company has a market capitalization of $353.17 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $146.92. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $141.19 and its two-hundred day simple moving average is $129.38.
The Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $18.38 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Friday, October 23rd were given a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.21%. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.
Several research analysts have recently issued reports on PG shares. Jefferies Financial Group increased their price target on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Royal Bank of Canada reiterated a “neutral” rating and issued a $128.00 target price on shares of The Procter & Gamble in a research report on Tuesday, October 20th. Smith Barney Citigroup boosted their price target on shares of The Procter & Gamble from $159.00 to $165.00 in a research report on Wednesday, October 21st. Truist upped their price target on shares of The Procter & Gamble from $125.00 to $150.00 in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Procter & Gamble from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Procter & Gamble presently has a consensus rating of “Buy” and an average price target of $144.50.
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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