The Procter & Gamble Company (NYSE:PG) is Broderick Brian C’s 9th Largest Position

Broderick Brian C cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,410 shares of the company’s stock after selling 328 shares during the period. Procter & Gamble accounts for 3.4% of Broderick Brian C’s portfolio, making the stock its 9th biggest position. Broderick Brian C’s holdings in Procter & Gamble were worth $17,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ING Groep NV raised its position in shares of Procter & Gamble by 142.1% in the 3rd quarter. ING Groep NV now owns 909,729 shares of the company’s stock worth $157,565,000 after acquiring an additional 533,999 shares in the last quarter. Omnia Family Wealth LLC boosted its position in shares of Procter & Gamble by 8.2% during the third quarter. Omnia Family Wealth LLC now owns 4,138 shares of the company’s stock valued at $717,000 after purchasing an additional 314 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in Procter & Gamble in the third quarter worth $360,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in Procter & Gamble by 5.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 64,606 shares of the company’s stock worth $11,190,000 after purchasing an additional 3,268 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in Procter & Gamble by 1.0% during the third quarter. Metis Global Partners LLC now owns 113,527 shares of the company’s stock valued at $19,663,000 after buying an additional 1,075 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen initiated coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was 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 trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares in the company, valued at $50,897,483.94. This trade represents a 9.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,597 shares of company stock valued at $53,268,499 in the last quarter. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.3 %

PG opened at $167.08 on Friday. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $170.61 and a 200-day moving average price of $168.28. The stock has a market capitalization of $393.48 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its earnings results 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. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is currently 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.