Global Assets Advisory LLC Has $307,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Global Assets Advisory LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 42.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,777 shares of the company’s stock after buying an additional 530 shares during the quarter. Global Assets Advisory LLC’s holdings in Procter & Gamble were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. CFM Wealth Partners LLC raised its position in Procter & Gamble by 6.3% in the first quarter. CFM Wealth Partners LLC now owns 7,178 shares of the company’s stock valued at $1,165,000 after purchasing an additional 428 shares during the last quarter. Constitution Capital LLC raised its position in shares of Procter & Gamble by 12.5% during the first quarter. Constitution Capital LLC now owns 28,857 shares of the company’s stock worth $4,682,000 after acquiring an additional 3,200 shares during the last quarter. RMR Wealth Builders increased its holdings in Procter & Gamble by 18.9% in the first quarter. RMR Wealth Builders now owns 11,109 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,769 shares in the last quarter. Brookstone Capital Management increased its holdings in Procter & Gamble by 0.6% in the first quarter. Brookstone Capital Management now owns 56,290 shares of the company’s stock worth $9,133,000 after purchasing an additional 353 shares in the last quarter. Finally, Future Financial Wealth Managment LLC increased its holdings in Procter & Gamble by 0.3% in the first quarter. Future Financial Wealth Managment LLC now owns 22,966 shares of the company’s stock worth $3,726,000 after purchasing an additional 67 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’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 transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,186 shares of company stock worth $65,479,358. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $169.58 on Thursday. The firm has a market capitalization of $400.23 billion, a P/E ratio of 27.71, a P/E/G ratio of 3.72 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 stock’s 50-day simple moving average is $171.88 and its two-hundred day simple moving average is $167.45. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PG shares. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup lifted their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.00.

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.