Murphy Capital Management Inc. lowered its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,611 shares of the company’s stock after selling 244 shares during the quarter. Procter & Gamble comprises approximately 1.4% of Murphy Capital Management Inc.’s portfolio, making the stock its 18th largest holding. Murphy Capital Management Inc.’s holdings in Procter & Gamble were worth $10,440,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in PG. Lansing Street Advisors purchased a new position in Procter & Gamble in the first quarter worth $37,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble in the fourth quarter worth $40,000. Dravo Bay LLC purchased a new position in Procter & Gamble in the first quarter worth $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter worth $50,000. Institutional investors own 63.45% of the company’s stock.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction 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 $728,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 169,365 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the sale, the chief executive officer now owns 164,761 shares in the company, valued at $24,147,372.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,321 shares of company stock valued at $42,559,426. Corporate insiders own 0.26% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the previous year, the company earned $1.13 earnings per share. Procter & Gamble’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current year.
Procter & Gamble Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is 62.82%.
Wall Street Analyst Weigh In
Several analysts have issued reports on PG shares. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. 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 cut their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Finally, Barclays dropped their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.
About Procter & Gamble
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.
- Get a free copy of the StockNews.com research report on Procter & Gamble (PG)
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