Nichols & Pratt Advisers LLP MA Has $66.09 Million Holdings in The Procter & Gamble Company (NYSE:PG)


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Nichols & Pratt Advisers LLP MA lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,403 shares of the company’s stock after selling 6,377 shares during the quarter. The Procter & Gamble comprises 5.7% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 3rd biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in The Procter & Gamble were worth $66,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PG. North Point Portfolio Managers Corp OH raised its holdings in shares of The Procter & Gamble by 4.0% in the 3rd quarter. North Point Portfolio Managers Corp OH now owns 1,833 shares of the company’s stock worth $255,000 after acquiring an additional 71 shares during the last quarter. KFA Private Wealth Group LLC lifted its holdings in shares of The Procter & Gamble by 4.2% in the third quarter. KFA Private Wealth Group LLC now owns 1,778 shares of the company’s stock valued at $247,000 after purchasing an additional 72 shares in the last quarter. Eukles Asset Management boosted its position in shares of The Procter & Gamble by 6.3% during the third quarter. Eukles Asset Management now owns 1,264 shares of the company’s stock valued at $176,000 after buying an additional 75 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in The Procter & Gamble by 0.5% during the third quarter. Regent Peak Wealth Advisors LLC now owns 16,466 shares of the company’s stock worth $2,289,000 after buying an additional 76 shares in the last quarter. Finally, Capital Planning Advisors LLC raised its position in The Procter & Gamble by 2.7% in the 2nd quarter. Capital Planning Advisors LLC now owns 2,973 shares of the company’s stock valued at $355,000 after buying an additional 77 shares during the last quarter. Institutional investors own 62.81% of the company’s stock.

PG has been the subject of several analyst reports. Smith Barney Citigroup increased their target price on shares of The Procter & Gamble from $159.00 to $165.00 in a report on Wednesday, October 21st. Truist lifted their target price on shares of The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft boosted their target price on The Procter & Gamble from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Jefferies Financial Group increased their price target on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $128.00 price objective on shares of The Procter & Gamble in a research report on Tuesday, October 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Procter & Gamble presently has an average rating of “Buy” and an average target price of $144.50.

The Procter & Gamble stock traded down $0.23 during mid-day trading on Friday, reaching $139.30. The company’s stock had a trading volume of 4,727,377 shares, compared to its average volume of 8,156,729. The firm’s fifty day moving average price is $141.42 and its two-hundred day moving average price is $129.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The Procter & Gamble Company has a 12-month low of $94.34 and a 12-month high of $146.92. The company has a market capitalization of $345.41 billion, a P/E ratio of 26.63, a PEG ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 5.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 16th. Stockholders of record on Friday, October 23rd were paid a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

In related news, CEO R. Alexandra Keith sold 99,243 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $143.80, for a total value of $14,271,143.40. Following the completion of the sale, the chief executive officer now owns 72,960 shares of the company’s stock, valued at $10,491,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of The Procter & Gamble stock in a transaction on Friday, November 13th. The shares were sold at an average price of $144.26, for a total transaction of $4,327,800.00. Following the completion of the sale, the chief executive officer now owns 301,954 shares in the company, valued at approximately $43,559,884.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,643 shares of company stock valued at $53,790,312. 0.70% of the stock is currently owned by company insiders.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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