Walleye Capital LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Walleye Capital LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,903 shares of the company’s stock, valued at approximately $1,360,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Lansing Street Advisors acquired a new position in Procter & Gamble during the first quarter worth about $37,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble during the fourth quarter worth about $40,000. Dravo Bay LLC purchased a new position in Procter & Gamble during the first quarter worth about $40,000. Retirement Group LLC raised its stake in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after purchasing an additional 92 shares during the period. Finally, IAG Wealth Partners LLC raised its stake in Procter & Gamble by 31.0% during the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares during the period. 63.45% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.6 %

NYSE PG opened at $138.28 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The stock has a market capitalization of $329.87 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.53 and a beta of 0.35. The firm has a 50 day moving average of $143.26 and a two-hundred day moving average of $147.67.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. During the same quarter last year, the firm earned $1.13 EPS. The company’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were issued a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PG. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Barclays reduced their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Truist Financial reduced their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $147,388.71. Following the completion of the transaction, the chief financial officer now owns 27,330 shares in the company, valued at approximately $4,081,188.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,321 shares of company stock worth $42,559,426. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Company Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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