BayBridge Capital Group LLC Purchases 212 Shares of The Procter & Gamble Company (NYSE:PG)

BayBridge Capital Group LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,303 shares of the company’s stock after purchasing an additional 212 shares during the quarter. BayBridge Capital Group LLC’s holdings in Procter & Gamble were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Lake Street Advisors Group LLC increased its position in shares of Procter & Gamble by 0.6% during the third quarter. Lake Street Advisors Group LLC now owns 18,447 shares of the company’s stock worth $3,195,000 after acquiring an additional 118 shares in the last quarter. Financial Management Network Inc. bought a new stake in Procter & Gamble during the 3rd quarter worth approximately $354,000. Blackston Financial Advisory Group LLC raised its stake in shares of Procter & Gamble by 6.1% in the third quarter. Blackston Financial Advisory Group LLC now owns 8,765 shares of the company’s stock worth $1,519,000 after purchasing an additional 507 shares during the last quarter. Heritage Financial Services LLC lifted its holdings in shares of Procter & Gamble by 5.5% in the third quarter. Heritage Financial Services LLC now owns 14,531 shares of the company’s stock valued at $2,517,000 after purchasing an additional 758 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Procter & Gamble by 9.7% during the third quarter. Ballentine Partners LLC now owns 59,534 shares of the company’s stock valued at $10,311,000 after buying an additional 5,283 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble 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 owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble 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 sale, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 397,986 shares of company stock worth $67,642,430 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $168.22 on Friday. 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 Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The firm has a market capitalization of $396.16 billion, a P/E ratio of 29.00, a PEG ratio of 3.67 and a beta of 0.41. The business has a fifty day moving average price of $171.93 and a 200-day moving average price of $167.55.

Procter & Gamble (NYSE:PG) last posted 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. 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 during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the previous year, the firm earned $1.83 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

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 issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Analyst Ratings Changes

Several brokerages have weighed in on PG. Piper Sandler initiated coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of 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 target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TD Cowen assumed coverage on Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $177.00.

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.