Miramar Capital LLC Has $328,000 Position in The Procter & Gamble Company (NYSE:PG)

Miramar Capital LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,892 shares of the company’s stock after selling 275 shares during the period. Miramar Capital LLC’s holdings in Procter & Gamble were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $29,000. POM Investment Strategies LLC bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $34,000. Quest Partners LLC bought a new stake in Procter & Gamble in the second quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Procter & Gamble during the second quarter valued at $44,000. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 31,797 shares of Procter & Gamble stock in a transaction on 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 sale, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. The trade was a 9.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,597 shares of company stock worth $53,268,499 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 1.5 %

Shares of NYSE:PG opened at $169.57 on Friday. The firm has a fifty day moving average price of $170.32 and a 200 day moving average price of $168.33. 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 stock has a market cap of $399.34 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.60 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94.

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

Procter & Gamble Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PG. Piper Sandler initiated coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a report on Monday, September 30th. Finally, Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

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.