Aviso Wealth Management Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Aviso Wealth Management decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 37.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,876 shares of the company’s stock after selling 1,146 shares during the quarter. Aviso Wealth Management’s holdings in Procter & Gamble were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. J. W. Coons Advisors LLC raised its position in Procter & Gamble by 3.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 26,159 shares of the company’s stock worth $4,531,000 after buying an additional 981 shares during the last quarter. Braun Stacey Associates Inc. increased its position in shares of Procter & Gamble by 4.9% during the 3rd quarter. Braun Stacey Associates Inc. now owns 125,041 shares of the company’s stock valued at $21,657,000 after purchasing an additional 5,824 shares during the last quarter. Richard C. Young & CO. LTD. increased its position in shares of Procter & Gamble by 0.4% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 121,285 shares of the company’s stock valued at $21,007,000 after purchasing an additional 524 shares during the last quarter. Quest Partners LLC increased its position in shares of Procter & Gamble by 3,831.2% during the 3rd quarter. Quest Partners LLC now owns 8,688 shares of the company’s stock valued at $1,505,000 after purchasing an additional 8,467 shares during the last quarter. Finally, Aljian Capital Management LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $1,583,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,597 shares of company stock worth $53,268,499 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. 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 research note on Thursday, August 29th. DA Davidson upped their price target on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Performance

PG stock opened at $169.54 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $170.32 and its two-hundred day simple moving average is $168.40. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The firm has a market cap of $399.27 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released 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. 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 for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter last year, the firm posted $1.83 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

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.