The Procter & Gamble Company (NYSE:PG) Shares Acquired by Global Strategic Investment Solutions LLC

Global Strategic Investment Solutions LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,875 shares of the company’s stock after purchasing an additional 266 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Procter & Gamble were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Castle Wealth Management LLC raised its position in shares of Procter & Gamble by 24.0% in the 3rd quarter. Castle Wealth Management LLC now owns 6,902 shares of the company’s stock worth $1,195,000 after buying an additional 1,335 shares during the period. Principal Financial Group Inc. boosted its position in Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after purchasing an additional 608,168 shares during the period. Montecito Bank & Trust lifted its stake in shares of Procter & Gamble by 25.3% during the third quarter. Montecito Bank & Trust now owns 31,276 shares of the company’s stock worth $5,417,000 after purchasing an additional 6,319 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Procter & Gamble by 0.5% in the third quarter. Woodmont Investment Counsel LLC now owns 85,615 shares of the company’s stock valued at $14,829,000 after buying an additional 430 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its holdings in Procter & Gamble by 4.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 18,484 shares of the company’s stock worth $3,090,000 after acquiring an additional 729 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,771 shares of company stock worth $65,610,975. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PG shares. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to 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 Up 1.0 %

Shares of PG traded up $1.53 during trading hours on Thursday, hitting $162.58. 1,058,788 shares of the company were exchanged, compared to its average volume of 6,625,417. The firm’s 50 day moving average is $171.29 and its 200-day moving average is $168.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a market cap of $382.88 billion, a PE ratio of 27.76, a PEG ratio of 3.57 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the firm posted $1.83 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s dividend payout ratio is 69.48%.

Procter & Gamble Company Profile

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.