Antonetti Capital Management LLC Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Antonetti Capital Management LLC lessened its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 12.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 820 shares of the company’s stock after selling 120 shares during the period. Antonetti Capital Management LLC’s holdings in Procter & Gamble were worth $120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Your Advocates Ltd. LLP increased its stake in shares of Procter & Gamble by 632.0% in the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after buying an additional 158 shares during the last quarter. Wunderlich Capital Managemnt bought a new stake in Procter & Gamble during the second quarter valued at $40,000. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the second quarter valued at $50,000. CGC Financial Services LLC bought a new stake in Procter & Gamble during the second quarter valued at $55,000. Finally, VitalStone Financial LLC bought a new stake in Procter & Gamble during the second quarter valued at $60,000. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Down 0.9 %

Shares of NYSE PG traded down $1.45 during trading hours on Monday, hitting $155.97. The stock had a trading volume of 727,906 shares, compared to its average volume of 7,929,200. The company has a market capitalization of $367.00 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.21 and a beta of 0.45. The firm’s 50-day moving average price is $150.04 and its two-hundred day moving average price is $150.86. The Procter & Gamble Company has a 52 week low of $136.10 and a 52 week high of $159.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a $0.9407 dividend. The ex-dividend date is Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is 62.98%.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO R. Alexandra Keith sold 6,575 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total value of $1,009,065.25. Following the completion of the transaction, the chief executive officer now directly owns 5,620 shares in the company, valued at $862,501.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 278,658 shares of company stock valued at $42,921,732. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

PG has been the subject of several recent research reports. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Raymond James boosted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Jefferies Financial Group started coverage on shares of Procter & Gamble in a report on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective for the company. Finally, Truist Financial boosted their price objective on Procter & Gamble from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.06.

View Our Latest Analysis on PG

Procter & Gamble Profile

(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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