Procter & Gamble Company (The) $PG Stock Purchased by True Freedom Investing LLC

True Freedom Investing LLC grew its position in Procter & Gamble Company (The) (NYSE:PG) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,195 shares of the company’s stock after acquiring an additional 3,404 shares during the quarter. True Freedom Investing LLC’s holdings in Procter & Gamble were worth $5,549,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in Procter & Gamble in the second quarter worth $26,000. Montgomery Financial Services LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at $28,000. Paladin Partners LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at $29,000. Toews Corp ADV acquired a new position in Procter & Gamble in the second quarter worth about $37,000. Finally, Evergreen Advisors LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1%

Shares of NYSE:PG opened at $161.42 on Monday. The company has a fifty day moving average of $149.99 and a 200-day moving average of $148.94. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a market capitalization of $374.14 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same period last year, the company earned $1.99 EPS. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Paul Gama sold 4,331 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $161.27, for a total value of $698,460.37. Following the transaction, the chief executive officer owned 46,793 shares in the company, valued at approximately $7,546,307.11. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider directly owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, October 22nd. BNP Paribas Exane lifted their price objective on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. UBS Group set a $166.00 price target on Procter & Gamble in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Finally, Piper Sandler raised their target price on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.57.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.