Strengthening Families & Communities LLC Has $2.10 Million Position in The Procter & Gamble Company (NYSE:PG)

Strengthening Families & Communities LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,127 shares of the company’s stock after buying an additional 1,378 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Procter & Gamble were worth $2,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PG. J. W. Coons Advisors LLC increased its holdings in Procter & Gamble by 3.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 26,159 shares of the company’s stock valued at $4,531,000 after buying an additional 981 shares during the period. Braun Stacey Associates Inc. increased its stake in shares of Procter & Gamble by 4.9% in the 3rd quarter. Braun Stacey Associates Inc. now owns 125,041 shares of the company’s stock valued at $21,657,000 after purchasing an additional 5,824 shares during the last quarter. Richard C. Young & CO. LTD. lifted its position in shares of Procter & Gamble by 0.4% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 121,285 shares of the company’s stock worth $21,007,000 after buying an additional 524 shares during the last quarter. Quest Partners LLC raised its stake in Procter & Gamble by 3,831.2% during the third quarter. Quest Partners LLC now owns 8,688 shares of the company’s stock worth $1,505,000 after acquiring an additional 8,467 shares in the last quarter. Finally, Aljian Capital Management LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $1,583,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

PG opened at $169.54 on Monday. 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 company’s fifty day moving average price is $170.32 and its two-hundred day moving average price is $168.40. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a market cap of $399.27 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share 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 firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PG. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. 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 target price on the stock. JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Activity

In related news, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the sale, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated 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 owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock worth $53,268,499 over the last quarter. Insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

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.