4,998 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Houlihan Financial Resource Group Ltd.

by · The Cerbat Gem

Houlihan Financial Resource Group Ltd. purchased a new stake in The Procter & Gamble Company (NYSE:PG – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,998 shares of the company’s stock, valued at approximately $866,000.

Several other institutional investors have also modified their holdings of PG. Mach 1 Financial Group LLC grew its stake in Procter & Gamble by 3.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 2,912 shares of the company’s stock worth $504,000 after buying an additional 97 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Procter & Gamble by 0.9% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 64,997 shares of the company’s stock valued at $11,258,000 after acquiring an additional 575 shares during the period. RKL Wealth Management LLC boosted its stake in Procter & Gamble by 1.5% during the 3rd quarter. RKL Wealth Management LLC now owns 17,386 shares of the company’s stock worth $3,011,000 after purchasing an additional 262 shares during the period. Carr Financial Group Corp grew its position in Procter & Gamble by 16.9% during the 3rd quarter. Carr Financial Group Corp now owns 2,457 shares of the company’s stock worth $426,000 after purchasing an additional 355 shares during the last quarter. Finally, GSG Advisors LLC raised its holdings in shares of Procter & Gamble by 4.3% in the third quarter. GSG Advisors LLC now owns 4,513 shares of the company’s stock valued at $781,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the business’s 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 of the company’s stock, valued at $46,203,373.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock valued at $53,268,499 over the last 90 days. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Stifel Nicolaus lifted their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

View Our Latest Stock Analysis on Procter & Gamble

Procter & Gamble Price Performance

Shares of NYSE PG opened at $167.71 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The business has a 50 day moving average price of $171.08 and a two-hundred day moving average price of $168.15. The firm has a market cap of $394.96 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.31%.

Procter & Gamble Company Profile

(Free Report)

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.

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