Octavia Wealth Advisors LLC Purchases 189 Shares of The Procter & Gamble Company (NYSE:PG)

Octavia Wealth Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,836 shares of the company’s stock after acquiring an additional 189 shares during the quarter. Procter & Gamble makes up approximately 1.3% of Octavia Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Octavia Wealth Advisors LLC’s holdings in Procter & Gamble were worth $10,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. United Advisor Group LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $3,463,000. Harbour Investments Inc. lifted its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Harbour Investments Inc. now owns 182,898 shares of the company’s stock worth $26,802,000 after buying an additional 9,116 shares in the last quarter. DRW Securities LLC boosted its position in shares of Procter & Gamble by 124.3% in the fourth quarter. DRW Securities LLC now owns 9,804 shares of the company’s stock valued at $1,437,000 after acquiring an additional 5,433 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $28,279,000. Finally, SageView Advisory Group LLC increased its position in Procter & Gamble by 29.5% during the fourth quarter. SageView Advisory Group LLC now owns 23,298 shares of the company’s stock worth $3,669,000 after acquiring an additional 5,312 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $171.09 on Friday. The firm has a fifty day simple moving average of $171.48 and a two-hundred day simple moving average of $166.74. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a twelve month low of $141.66 and a twelve month high of $177.94. The company has a market capitalization of $403.80 billion, a PE ratio of 27.96, a P/E/G ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 65.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Evercore ISI raised their price objective on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, Piper Sandler began coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.05.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by insiders.

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.