The Procter & Gamble Company (NYSE:PG) Stock Holdings Lessened by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,214 shares of the company’s stock after selling 2,785 shares during the period. Procter & Gamble makes up 1.6% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 10th largest holding. Ingalls & Snyder LLC’s holdings in Procter & Gamble were worth $39,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of PG. Fiduciary Alliance LLC boosted its stake in shares of Procter & Gamble by 2.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock valued at $371,000 after purchasing an additional 61 shares in the last quarter. RDA Financial Network boosted its stake in Procter & Gamble by 12.5% during the second quarter. RDA Financial Network now owns 2,115 shares of the company’s stock worth $349,000 after acquiring an additional 235 shares in the last quarter. NBC Securities Inc. boosted its stake in Procter & Gamble by 2.8% during the second quarter. NBC Securities Inc. now owns 60,090 shares of the company’s stock worth $9,910,000 after acquiring an additional 1,626 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in Procter & Gamble by 42.3% during the second quarter. Aprio Wealth Management LLC now owns 8,577 shares of the company’s stock worth $1,415,000 after acquiring an additional 2,550 shares in the last quarter. Finally, CGN Advisors LLC boosted its stake in Procter & Gamble by 4.1% during the second quarter. CGN Advisors LLC now owns 24,362 shares of the company’s stock worth $4,018,000 after acquiring an additional 968 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded down $2.15 during mid-day trading on Tuesday, hitting $177.55. 1,333,042 shares of the company traded hands, compared to its average volume of 6,697,025. 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 has a 50-day moving average price of $170.48 and a two-hundred day moving average price of $169.11. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43. The stock has a market cap of $418.14 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 3.86 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating 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 business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued 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 2.27%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, DA Davidson upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $209.00 in a research note on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,080 shares of company stock valued at $14,629,038. Insiders own 0.18% of the company’s stock.

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.