Catalyst Financial Partners LLC Raises Position in The Procter & Gamble Company (NYSE:PG)

Catalyst Financial Partners LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,283 shares of the company’s stock after purchasing an additional 303 shares during the period. Procter & Gamble accounts for about 0.6% of Catalyst Financial Partners LLC’s portfolio, making the stock its 26th biggest position. Catalyst Financial Partners LLC’s holdings in Procter & Gamble were worth $2,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Tevis Investment Management grew its stake in shares of Procter & Gamble by 0.8% during the third quarter. Tevis Investment Management now owns 11,568 shares of the company’s stock valued at $2,004,000 after buying an additional 94 shares during the last quarter. Goldstone Financial Group LLC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $1,167,000. Voisard Asset Management Group Inc. grew its stake in shares of Procter & Gamble by 20.2% during the third quarter. Voisard Asset Management Group Inc. now owns 1,170 shares of the company’s stock valued at $203,000 after buying an additional 197 shares during the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Procter & Gamble by 2.2% during the third quarter. Cornerstone Wealth Group LLC now owns 53,264 shares of the company’s stock valued at $9,225,000 after buying an additional 1,124 shares during the last quarter. Finally, Oak Harvest Investment Services grew its stake in shares of Procter & Gamble by 15.7% during the third quarter. Oak Harvest Investment Services now owns 40,782 shares of the company’s stock valued at $7,063,000 after buying an additional 5,546 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

NYSE:PG opened at $166.30 on Thursday. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $391.64 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 3.64 and a beta of 0.41. The stock’s 50-day moving average price is $171.80 and its 200-day moving average price is $167.86.

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

Procter & Gamble Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Analysts Set New Price Targets

PG has been the topic of a number of analyst reports. Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Piper Sandler initiated coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 389,144 shares of company stock worth $66,184,385. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.