Freedom Day Solutions LLC Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Freedom Day Solutions LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,148 shares of the company’s stock after purchasing an additional 95 shares during the period. Freedom Day Solutions LLC’s holdings in Procter & Gamble were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silver Oak Securities Incorporated increased its position in shares of Procter & Gamble by 82.7% during the third quarter. Silver Oak Securities Incorporated now owns 22,254 shares of the company’s stock worth $3,844,000 after acquiring an additional 10,074 shares during the period. Moody Lynn & Lieberson LLC grew its stake in Procter & Gamble by 2.1% in the third quarter. Moody Lynn & Lieberson LLC now owns 55,751 shares of the company’s stock worth $9,656,000 after purchasing an additional 1,128 shares in the last quarter. Cross Staff Investments Inc increased its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Cross Staff Investments Inc now owns 7,976 shares of the company’s stock worth $1,381,000 after purchasing an additional 77 shares during the period. West Michigan Advisors LLC raised its position in Procter & Gamble by 4.1% during the 3rd quarter. West Michigan Advisors LLC now owns 10,330 shares of the company’s stock valued at $1,789,000 after purchasing an additional 407 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth $1,748,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Piper Sandler assumed 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. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, StockNews.com cut 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 issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jon R. Moeller sold 87,979 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at $51,252,400.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,186 shares of company stock worth $65,479,358 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Shares of PG opened at $169.64 on Friday. The firm has a market capitalization of $399.51 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. 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 company’s fifty day moving average price is $171.88 and its 200-day moving average price is $167.45. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94.

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

Procter & Gamble Dividend Announcement

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

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.