N.E.W. Advisory Services LLC Sells 169 Shares of The Procter & Gamble Company (NYSE:PG)

N.E.W. Advisory Services LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 89,007 shares of the company’s stock after selling 169 shares during the quarter. Procter & Gamble comprises about 1.6% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 17th largest position. N.E.W. Advisory Services LLC’s holdings in Procter & Gamble were worth $14,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PG. Hill Investment Group Partners LLC increased its position in Procter & Gamble by 6.0% during the 2nd quarter. Hill Investment Group Partners LLC now owns 1,318 shares of the company’s stock valued at $220,000 after purchasing an additional 75 shares during the period. National Bank of Canada FI increased its position in shares of Procter & Gamble by 77.8% during the second quarter. National Bank of Canada FI now owns 1,266,278 shares of the company’s stock valued at $206,037,000 after buying an additional 553,952 shares during the period. SouthState Corp raised its stake in Procter & Gamble by 4.5% in the second quarter. SouthState Corp now owns 78,706 shares of the company’s stock worth $12,980,000 after buying an additional 3,358 shares in the last quarter. Nottingham Advisors Inc. lifted its holdings in Procter & Gamble by 98.9% in the second quarter. Nottingham Advisors Inc. now owns 6,014 shares of the company’s stock worth $992,000 after buying an additional 2,990 shares during the period. Finally, Meridian Wealth Advisors LLC boosted its position in Procter & Gamble by 31.1% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 12,682 shares of the company’s stock valued at $2,092,000 after acquiring an additional 3,008 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.2 %

Shares of NYSE:PG opened at $175.47 on Friday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $176.55. The stock’s fifty day moving average price is $168.05 and its 200-day moving average price is $164.52. The company has a market cap of $414.13 billion, a P/E ratio of 28.67, a PEG ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the business earned $1.37 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. BNP Paribas began coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Finally, Evercore ISI upped their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.