Moors & Cabot Inc. Has $25.01 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Moors & Cabot Inc. trimmed its position in The Procter & Gamble Company (NYSE:PG) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 144,413 shares of the company’s stock after selling 1,097 shares during the quarter. Procter & Gamble comprises approximately 1.2% of Moors & Cabot Inc.’s investment portfolio, making the stock its 8th biggest holding. Moors & Cabot Inc.’s holdings in Procter & Gamble were worth $25,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the second quarter worth $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $29,000. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth $34,000. Quest Partners LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Procter & Gamble during the 2nd quarter valued at $44,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Down 0.6 %

PG traded down $0.99 on Wednesday, hitting $169.77. 517,857 shares of the company were exchanged, compared to its average volume of 6,645,090. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock’s fifty day moving average is $170.07 and its 200-day moving average is $168.49. The company has a market cap of $399.82 billion, a PE ratio of 29.44, a PEG ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating 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 analysts’ expectations of $21.99 billion. During the same period last year, the business earned $1.83 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the sale, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The trade was a 25.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 270,727 shares of company stock worth $46,014,037. Corporate insiders own 0.18% of the company’s stock.

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.