The Procter & Gamble Company (NYSE:PG) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,831 shares of the company’s stock after selling 1,207 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Procter & Gamble were worth $3,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC boosted its holdings in Procter & Gamble by 38.9% in the third quarter. IHT Wealth Management LLC now owns 79,384 shares of the company’s stock worth $13,740,000 after purchasing an additional 22,230 shares during the period. Investmark Advisory Group LLC lifted its position in shares of Procter & Gamble by 1.6% in the 3rd quarter. Investmark Advisory Group LLC now owns 26,237 shares of the company’s stock worth $4,544,000 after buying an additional 405 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Procter & Gamble by 26.9% in the 3rd quarter. Investment Management Corp of Ontario now owns 122,045 shares of the company’s stock valued at $21,138,000 after buying an additional 25,900 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Procter & Gamble by 138.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after buying an additional 233 shares during the last quarter. Finally, Harmony Asset Management LLC raised its stake in Procter & Gamble by 37.3% during the third quarter. Harmony Asset Management LLC now owns 3,297 shares of the company’s stock worth $571,000 after acquiring an additional 895 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 7,007 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was 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 owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock worth $14,629,038 over the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. DA Davidson raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the company from $160.00 to $209.00 in a research note on Monday, November 25th. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Procter & Gamble Price Performance

PG opened at $175.42 on Wednesday. The stock has a fifty day moving average price of $170.64 and a 200 day moving average price of $169.25. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43. The stock has a market cap of $413.12 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 3.87 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted 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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.30%. Procter & Gamble’s payout ratio is currently 69.31%.

Procter & Gamble Company 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.