Glen Eagle Advisors LLC Sells 273 Shares of The Procter & Gamble Company (NYSE:PG)

Glen Eagle Advisors LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,905 shares of the company’s stock after selling 273 shares during the period. Glen Eagle Advisors LLC’s holdings in Procter & Gamble were worth $2,582,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Curated Wealth Partners LLC increased its stake in Procter & Gamble by 200.0% during the 2nd quarter. Curated Wealth Partners LLC now owns 1,260 shares of the company’s stock valued at $208,000 after purchasing an additional 2,520 shares in the last quarter. Evanson Asset Management LLC grew its holdings in shares of Procter & Gamble by 61.7% during the second quarter. Evanson Asset Management LLC now owns 9,470 shares of the company’s stock valued at $1,562,000 after buying an additional 3,612 shares during the last quarter. Austin Private Wealth LLC increased its position in shares of Procter & Gamble by 7.4% during the second quarter. Austin Private Wealth LLC now owns 6,374 shares of the company’s stock valued at $1,051,000 after acquiring an additional 440 shares in the last quarter. MJP Associates Inc. ADV lifted its position in Procter & Gamble by 6.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 7,606 shares of the company’s stock valued at $1,254,000 after acquiring an additional 433 shares in the last quarter. Finally, Mechanics Bank Trust Department boosted its stake in Procter & Gamble by 0.5% during the 2nd quarter. Mechanics Bank Trust Department now owns 55,314 shares of the company’s stock valued at $9,122,000 after purchasing an additional 298 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the subject of several recent analyst reports. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $209.00 in a research note on Monday, November 25th. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,080 shares of company stock worth $14,629,038. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 1.2 %

Shares of PG stock opened at $173.83 on Friday. The stock’s 50-day moving average price is $170.75 and its 200-day moving average price is $169.34. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43. The stock has a market capitalization of $409.38 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 3.77 and a beta of 0.44. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $1.83 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

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.