Ayrshire Capital Management LLC Buys 590 Shares of The Procter & Gamble Company (NYSE:PG)

Ayrshire Capital Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,343 shares of the company’s stock after purchasing an additional 590 shares during the quarter. Procter & Gamble accounts for approximately 2.6% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Ayrshire Capital Management LLC’s holdings in Procter & Gamble were worth $5,429,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. CHICAGO TRUST Co NA lifted its position in shares of Procter & Gamble by 1.0% in the third quarter. CHICAGO TRUST Co NA now owns 17,391 shares of the company’s stock worth $3,012,000 after purchasing an additional 167 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Procter & Gamble by 24.5% during the third quarter. Exchange Traded Concepts LLC now owns 71,666 shares of the company’s stock worth $12,413,000 after acquiring an additional 14,105 shares in the last quarter. Retirement Planning Group LLC raised its position in Procter & Gamble by 17.6% during the third quarter. Retirement Planning Group LLC now owns 4,640 shares of the company’s stock worth $804,000 after acquiring an additional 693 shares in the last quarter. InTrack Investment Management Inc raised its position in Procter & Gamble by 6.8% during the third quarter. InTrack Investment Management Inc now owns 11,445 shares of the company’s stock worth $1,982,000 after acquiring an additional 731 shares in the last quarter. Finally, Brown Miller Wealth Management LLC raised its position in Procter & Gamble by 1.4% during the third quarter. Brown Miller Wealth Management LLC now owns 20,673 shares of the company’s stock worth $3,580,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Citigroup upped their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $176.21.

Procter & Gamble Trading Up 1.3 %

Shares of Procter & Gamble stock opened at $171.09 on Friday. The company has a market capitalization of $403.80 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.67 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12-month low of $141.66 and a 12-month high of $177.94. The firm’s 50-day moving average price is $171.48 and its two-hundred day moving average price is $166.78.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 383,194 shares of company stock worth $65,140,718 in the last quarter. 0.17% of the stock is 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.