Custom Index Systems LLC Has $461,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Custom Index Systems LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 27.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,663 shares of the company’s stock after selling 997 shares during the period. Custom Index Systems LLC’s holdings in Procter & Gamble were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PG. Private Ocean LLC lifted its stake in Procter & Gamble by 6.2% in the first quarter. Private Ocean LLC now owns 4,733 shares of the company’s stock valued at $768,000 after acquiring an additional 277 shares during the last quarter. Vicus Capital raised its holdings in Procter & Gamble by 64.4% during the first quarter. Vicus Capital now owns 5,079 shares of the company’s stock valued at $824,000 after buying an additional 1,990 shares in the last quarter. Symphony Financial Ltd. Co. lifted its position in shares of Procter & Gamble by 5.0% in the first quarter. Symphony Financial Ltd. Co. now owns 11,215 shares of the company’s stock worth $1,820,000 after buying an additional 537 shares during the last quarter. Coston McIsaac & Partners boosted its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Coston McIsaac & Partners now owns 43,275 shares of the company’s stock worth $7,020,000 after acquiring an additional 452 shares in the last quarter. Finally, Brown Miller Wealth Management LLC increased its holdings in shares of Procter & Gamble by 2.4% during the 1st quarter. Brown Miller Wealth Management LLC now owns 19,936 shares of the company’s stock valued at $3,234,000 after acquiring an additional 463 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 397,986 shares of company stock valued at $67,642,430. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $168.22 on Monday. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. 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 firm has a 50-day moving average price of $171.93 and a 200 day moving average price of $167.69. The firm has a market capitalization of $397.02 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 EPS. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PG shares. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

About Procter & Gamble

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.