Providence Wealth Advisors LLC Has $1.62 Million Position in The Procter & Gamble Company (NYSE:PG)

Providence Wealth Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 9,571 shares of the company’s stock after purchasing an additional 146 shares during the period. Procter & Gamble comprises 1.2% of Providence Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Providence Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,619,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Quent Capital LLC grew its position in Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after buying an additional 206 shares in the last quarter. Boston Partners grew its position in Procter & Gamble by 2.8% during the first quarter. Boston Partners now owns 33,483 shares of the company’s stock worth $5,433,000 after buying an additional 902 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Procter & Gamble by 6.6% during the first quarter. Westwood Holdings Group Inc. now owns 7,158 shares of the company’s stock valued at $1,161,000 after purchasing an additional 446 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Procter & Gamble by 48.2% during the first quarter. EverSource Wealth Advisors LLC now owns 10,700 shares of the company’s stock valued at $1,746,000 after purchasing an additional 3,482 shares in the last quarter. Finally, OMC Financial Services LTD acquired a new stake in Procter & Gamble during the first quarter valued at approximately $869,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. This represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,233 shares of company stock valued at $6,024,234 in the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. JPMorgan Chase & Co. boosted their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Finally, Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Procter & Gamble Stock Up 0.0 %

Shares of PG stock opened at $179.36 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s 50-day moving average is $170.37 and its 200-day moving average is $168.98. The stock has a market cap of $422.40 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.86 and a beta of 0.42. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.24%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.