Blackston Financial Advisory Group LLC Purchases 507 Shares of The Procter & Gamble Company (NYSE:PG)

Blackston Financial Advisory Group LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,765 shares of the company’s stock after acquiring an additional 507 shares during the quarter. Procter & Gamble accounts for 0.8% of Blackston Financial Advisory Group LLC’s portfolio, making the stock its 21st biggest holding. Blackston Financial Advisory Group LLC’s holdings in Procter & Gamble were worth $1,519,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PG. Signet Financial Management LLC raised its holdings in shares of Procter & Gamble by 32.3% in the 1st quarter. Signet Financial Management LLC now owns 15,129 shares of the company’s stock valued at $2,455,000 after purchasing an additional 3,694 shares in the last quarter. Agate Pass Investment Management LLC lifted its holdings in Procter & Gamble by 4.2% during the first quarter. Agate Pass Investment Management LLC now owns 10,778 shares of the company’s stock worth $1,749,000 after buying an additional 430 shares during the period. Exeter Financial LLC boosted its position in Procter & Gamble by 2.0% during the 1st quarter. Exeter Financial LLC now owns 16,232 shares of the company’s stock valued at $2,523,000 after acquiring an additional 315 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Procter & Gamble by 3.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 11,273 shares of the company’s stock valued at $1,829,000 after acquiring an additional 373 shares during the period. Finally, ERn Financial LLC raised its position in shares of Procter & Gamble by 2.9% in the 1st quarter. ERn Financial LLC now owns 4,041 shares of the company’s stock worth $656,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.2 %

NYSE PG opened at $169.31 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a fifty day moving average of $171.88 and a 200 day moving average of $167.45. The company has a market capitalization of $398.73 billion, a PE ratio of 29.25, a P/E/G ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble’s payout ratio is 69.48%.

Analysts Set New Price Targets

Several research firms have issued reports on PG. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Piper Sandler initiated coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Finally, DA Davidson upped their price target on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,186 shares of company stock valued at $65,479,358 in the last three months. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Company 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.