AlphaStar Capital Management LLC Has $2.27 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

AlphaStar Capital Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,593 shares of the company’s stock after purchasing an additional 223 shares during the period. AlphaStar Capital Management LLC’s holdings in Procter & Gamble were worth $2,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davis Investment Partners LLC raised its position in Procter & Gamble by 4.1% in the 2nd quarter. Davis Investment Partners LLC now owns 1,658 shares of the company’s stock worth $250,000 after purchasing an additional 66 shares during the period. LWM Advisory Services LLC raised its position in Procter & Gamble by 2.2% in the 2nd quarter. LWM Advisory Services LLC now owns 3,018 shares of the company’s stock worth $457,000 after purchasing an additional 66 shares during the period. Proquility Private Wealth Partners LLC raised its position in Procter & Gamble by 1.1% in the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock worth $912,000 after purchasing an additional 66 shares during the period. KFA Private Wealth Group LLC raised its position in Procter & Gamble by 2.2% in the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after purchasing an additional 67 shares during the period. Finally, Hilton Capital Management LLC raised its position in Procter & Gamble by 4.2% in the 2nd quarter. Hilton Capital Management LLC now owns 1,716 shares of the company’s stock worth $260,000 after purchasing an additional 69 shares during the period. 63.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Truist Financial boosted their price objective on shares of Procter & Gamble from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Jefferies Financial Group initiated coverage on shares of Procter & Gamble in a research note on Monday, November 13th. They set a “buy” rating and a $177.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.06.

Read Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

PG stock traded up $0.58 during midday trading on Tuesday, reaching $158.79. 2,544,163 shares of the company’s stock traded hands, compared to its average volume of 8,252,051. The Procter & Gamble Company has a 52-week low of $135.83 and a 52-week high of $159.60. The stock has a market cap of $373.64 billion, a P/E ratio of 26.63, a PEG ratio of 3.23 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $149.55 and its 200 day moving average is $150.72.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Insiders sold a total of 278,658 shares of company stock worth $42,921,732 over the last three months. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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