Procter & Gamble Company (The) $PG Shares Purchased by Brooklyn FI LLC

Brooklyn FI LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3,064.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,513 shares of the company’s stock after buying an additional 3,402 shares during the quarter. Brooklyn FI LLC’s holdings in Procter & Gamble were worth $510,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at $26,000. Montgomery Financial Services LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at about $28,000. Paladin Partners LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at about $29,000. Evergreen Advisors LLC purchased a new position in Procter & Gamble in the 1st quarter valued at about $37,000. Finally, Toews Corp ADV purchased a new position in Procter & Gamble in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the completion of the sale, the insider directly owned 55,243 shares in the company, valued at $9,083,606.49. This represents a 25.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This trade represents a 38.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 197,756 shares of company stock worth $32,336,001. Corporate insiders own 0.23% of the company’s stock.

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Price Performance

Procter & Gamble stock opened at $168.43 on Wednesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.52. The firm has a 50 day moving average price of $152.95 and a 200 day moving average price of $149.64. The company has a market cap of $390.38 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.14 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.99 earnings per share. Sell-side analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is presently 65.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PG shares. Piper Sandler lifted their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. UBS Group set a $166.00 price target on Procter & Gamble in a research note on Friday, October 23rd. TD Cowen raised their price objective on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

View Our Latest Stock Analysis on PG

Procter & Gamble Profile

(Free Report)

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.

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

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