5,263 Shares in Procter & Gamble Company (The) $PG Purchased by TSG Advice Partners LLC

TSG Advice Partners LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,263 shares of the company’s stock, valued at approximately $772,000.

A number of other large investors have also bought and sold shares of the business. Baxter Bros Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $12,381,000. Empowered Funds LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $53,549,000. Bank of America Corp DE bought a new stake in shares of Procter & Gamble during the second quarter worth $3,850,628,000. Capstone Capital Management Ltd bought a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $991,000. Finally, Rokos Capital Management LLP bought a new position in shares of Procter & Gamble during the 1st quarter worth approximately $29,914,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Susan Whaley sold 2,369 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $344,310.46. Following the completion of the sale, the insider directly owned 30,730 shares of the company’s stock, valued at $4,466,298.20. This trade represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Shailesh Jejurikar sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the transaction, the chief executive officer owned 55,391 shares of the company’s stock, valued at $9,033,718.19. This represents a 38.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 58,647 shares of company stock valued at $9,268,508. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PG shares. Piper Sandler lifted their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a report on Monday, October 26th. DZ Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Morgan Stanley lifted their price target on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Stock Up 1.5%

Shares of PG stock opened at $163.99 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The firm’s 50-day moving average is $150.37 and its 200-day moving average is $149.04. The stock has a market cap of $380.10 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.89 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same period last year, the business posted $1.99 EPS. Procter & Gamble’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts predict that Procter & Gamble Company will post 6.99 EPS for the current 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. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is currently 65.51%.

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.