The Procter & Gamble Company (NYSE:PG) Shares Sold by First National Bank of South Miami

First National Bank of South Miami lessened its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,371 shares of the company’s stock after selling 113 shares during the quarter. First National Bank of South Miami’s holdings in Procter & Gamble were worth $772,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. PrairieView Partners LLC boosted its holdings in shares of Procter & Gamble by 5.8% in the first quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock valued at $174,000 after acquiring an additional 63 shares in the last quarter. Apeiron RIA LLC boosted its holdings in shares of Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after acquiring an additional 64 shares in the last quarter. Ambassador Advisors LLC boosted its holdings in Procter & Gamble by 2.2% during the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after buying an additional 65 shares in the last quarter. Perennial Investment Advisors LLC boosted its holdings in Procter & Gamble by 1.1% during the first quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after buying an additional 65 shares in the last quarter. Finally, Tranquility Partners LLC boosted its holdings in Procter & Gamble by 3.9% during the first quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 63.45% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 1,599 shares of the stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction 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 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 accessible through the SEC website. Also, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the transaction, the chief executive officer now owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock worth $42,559,426 in the last 90 days. 0.26% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.4 %

PG stock opened at $136.21 on Friday. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. 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 company has a market cap of $324.93 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.49 and a beta of 0.35. The company has a 50 day moving average of $142.58 and a two-hundred day moving average of $147.19.

Procter & Gamble (NYSE:PGGet Rating) last released its 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 analysts’ expectations of $19.41 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were paid a dividend of $0.913 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Truist Financial reduced their target price on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 1st. Barclays reduced 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. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Finally, UBS Group reduced their price target on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble 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.

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

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