Planning Directions Inc. Has $336,000 Position in The Procter & Gamble Company (NYSE:PG)

Planning Directions Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 19.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,938 shares of the company’s stock after selling 465 shares during the quarter. Planning Directions Inc.’s holdings in Procter & Gamble were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PG. TrinityPoint Wealth LLC increased its position in Procter & Gamble by 3.4% in the third quarter. TrinityPoint Wealth LLC now owns 6,669 shares of the company’s stock worth $1,155,000 after purchasing an additional 218 shares during the period. Swiss National Bank lifted its holdings in Procter & Gamble by 0.6% in the third quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock valued at $1,213,403,000 after buying an additional 39,000 shares during the period. S&CO Inc. boosted its stake in Procter & Gamble by 1.5% in the third quarter. S&CO Inc. now owns 22,674 shares of the company’s stock valued at $3,927,000 after acquiring an additional 330 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Procter & Gamble by 23.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 314,900 shares of the company’s stock worth $54,541,000 after acquiring an additional 59,886 shares during the period. Finally, Sugar Maple Asset Management LLC raised its position in shares of Procter & Gamble by 4.8% during the 3rd quarter. Sugar Maple Asset Management LLC now owns 1,730 shares of the company’s stock valued at $300,000 after acquiring an additional 79 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler assumed coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. DA Davidson lifted their target price on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Performance

NYSE PG opened at $169.54 on Monday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The stock has a market cap of $399.27 billion, a PE ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The firm has a 50-day moving average of $170.32 and a 200-day moving average of $168.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon R. Moeller sold 31,797 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The shares were 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 owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 9.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,597 shares of company stock worth $53,268,499. Company 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.