Lebenthal Global Advisors LLC Makes New $201,000 Investment in The Procter & Gamble Company (NYSE:PG)

Lebenthal Global Advisors LLC acquired a new position in The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,162 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in Procter & Gamble by 11.2% in the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock worth $105,000 after purchasing an additional 61 shares during the last quarter. Hills Bank & Trust Co raised its stake in shares of Procter & Gamble by 2.9% during the third quarter. Hills Bank & Trust Co now owns 117,084 shares of the company’s stock valued at $20,279,000 after acquiring an additional 3,249 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of Procter & Gamble by 12.9% during the third quarter. Focus Financial Network Inc. now owns 26,133 shares of the company’s stock valued at $4,526,000 after acquiring an additional 2,990 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Procter & Gamble by 5.8% during the third quarter. Principal Securities Inc. now owns 28,627 shares of the company’s stock valued at $4,958,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Norris Perne & French LLP MI raised its stake in shares of Procter & Gamble by 58.9% during the third quarter. Norris Perne & French LLP MI now owns 4,744 shares of the company’s stock valued at $822,000 after acquiring an additional 1,759 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. This 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 sold 389,144 shares of company stock worth $66,184,385. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $165.10 on Friday. The firm’s fifty day simple moving average is $171.62 and its two-hundred day simple moving average is $167.91. 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 12-month low of $142.50 and a 12-month high of $177.94. The firm has a market capitalization of $388.82 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.59 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is currently 69.48%.

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.