The Procter & Gamble Company (NYSE:PG) Shares Bought by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. raised its position in The Procter & Gamble Company (NYSE:PG) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,118 shares of the company’s stock after acquiring an additional 719 shares during the quarter. Pacific Wealth Strategies Group Inc.’s holdings in Procter & Gamble were worth $2,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transform Wealth LLC grew its position in Procter & Gamble by 38.0% in the 2nd quarter. Transform Wealth LLC now owns 10,679 shares of the company’s stock valued at $1,441,000 after acquiring an additional 2,940 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 5.0% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 57,853 shares of the company’s stock valued at $7,806,000 after buying an additional 2,751 shares during the period. Mastrapasqua Asset Management Inc. boosted its stake in shares of Procter & Gamble by 2.8% in the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 74,622 shares of the company’s stock valued at $10,069,000 after buying an additional 2,044 shares during the period. Kavar Capital Partners Group LLC boosted its stake in shares of Procter & Gamble by 2.1% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 61,986 shares of the company’s stock valued at $8,364,000 after buying an additional 1,272 shares during the period. Finally, Clarkston Capital Partners LLC boosted its stake in shares of Procter & Gamble by 6.3% in the 2nd quarter. Clarkston Capital Partners LLC now owns 107,763 shares of the company’s stock valued at $14,540,000 after buying an additional 6,430 shares during the period. 62.94% of the stock is owned by institutional investors.

Shares of NYSE:PG traded down $0.78 during trading on Thursday, reaching $148.66. The company had a trading volume of 5,665,157 shares, compared to its average volume of 7,660,160. The firm has a market capitalization of $359.75 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.49. The stock’s fifty day moving average price is $143.53 and its 200 day moving average price is $140.59. The Procter & Gamble Company has a fifty-two week low of $121.54 and a fifty-two week high of $149.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Friday, October 22nd were issued a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, October 21st. Procter & Gamble’s payout ratio is currently 63.62%.

In other Procter & Gamble news, Director Nelson Peltz sold 207,000 shares of the business’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total transaction of $29,483,010.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,115 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $148.40, for a total value of $1,204,266.00. The disclosure for this sale can be found here. In the last three months, insiders sold 358,249 shares of company stock worth $51,740,197. Corporate insiders own 0.51% of the company’s stock.

Several equities analysts have recently issued reports on PG shares. Evercore ISI reiterated a “buy” rating and issued a $163.00 price objective on shares of Procter & Gamble in a research note on Sunday, September 12th. Berenberg Bank restated a “hold” rating and set a $146.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 20th. Truist Securities boosted their target price on Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, August 2nd. Citigroup boosted their target price on Procter & Gamble from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Monday, August 2nd. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Tuesday, October 5th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.41.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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