MJP Associates Inc. ADV Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

MJP Associates Inc. ADV lifted its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,425 shares of the company’s stock after acquiring an additional 1,278 shares during the period. MJP Associates Inc. ADV’s holdings in Procter & Gamble were worth $1,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PG. Lansing Street Advisors purchased a new position in shares of Procter & Gamble during the first quarter worth approximately $37,000. Western Pacific Wealth Management LP purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $40,000. Dravo Bay LLC purchased a new position in shares of Procter & Gamble during the first quarter worth approximately $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after buying an additional 75 shares during the last quarter. 63.45% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.6 %

NYSE:PG opened at $138.28 on Monday. The company has a market capitalization of $329.87 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.55 and a beta of 0.35. 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 fifty day simple moving average of $143.26 and a 200-day simple moving average of $147.63.

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

Procter & Gamble Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PG. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Truist Financial lowered their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Barclays lowered their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Five equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.93.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $728,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at approximately $580,770.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction dated 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 sale, 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 valued at $42,559,426. 0.26% of the stock is owned by insiders.

Procter & Gamble Company Profile

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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.

Further Reading

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

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