Smith Anglin Financial LLC Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Smith Anglin Financial LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,025 shares of the company’s stock after selling 247 shares during the period. Smith Anglin Financial LLC’s holdings in The Procter & Gamble were worth $1,218,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wsfs Capital Management LLC grew its stake in The Procter & Gamble by 1.9% during the 1st quarter. Wsfs Capital Management LLC now owns 3,937 shares of the company’s stock worth $533,000 after buying an additional 73 shares during the last quarter. Granite Investment Partners LLC grew its stake in The Procter & Gamble by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 15,053 shares of the company’s stock worth $2,031,000 after buying an additional 73 shares during the last quarter. Leisure Capital Management grew its stake in The Procter & Gamble by 0.4% during the 1st quarter. Leisure Capital Management now owns 18,192 shares of the company’s stock worth $2,464,000 after buying an additional 74 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in The Procter & Gamble by 0.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 21,532 shares of the company’s stock worth $2,905,000 after buying an additional 74 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its stake in The Procter & Gamble by 4.5% during the 1st quarter. Cypress Capital Management LLC WY now owns 1,725 shares of the company’s stock worth $234,000 after buying an additional 75 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

PG stock traded up $0.09 during midday trading on Wednesday, hitting $145.52. 219,639 shares of the company’s stock were exchanged, compared to its average volume of 7,949,646. The stock’s fifty day moving average price is $141.87 and its 200-day moving average price is $136.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.52 and a current ratio of 0.70. The company has a market cap of $353.37 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The Procter & Gamble Company has a one year low of $121.54 and a one year high of $147.23.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, July 29th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $18.95 billion for the quarter, compared to analyst estimates of $18.38 billion. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. On average, analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 23rd were issued a dividend of $0.8698 per share. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, July 22nd. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s dividend payout ratio is presently 61.48%.

Several brokerages have recently weighed in on PG. Citigroup upped their price objective on The Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a report on Monday, August 2nd. Truist Securities upped their price objective on The Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a report on Monday, August 2nd. UBS Group initiated coverage on The Procter & Gamble in a report on Wednesday, June 23rd. They set a “neutral” rating and a $138.00 target price for the company. Truist upped their target price on The Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a report on Monday, August 2nd. Finally, Erste Group raised The Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, August 20th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $151.63.

In other news, Director Nelson Peltz sold 207,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total value of $29,483,010.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Carolyn M. Tastad sold 7,772 shares of the business’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $141.77, for a total value of $1,101,836.44. The disclosure for this sale can be found here. Insiders have sold 748,024 shares of company stock worth $106,760,698 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.

The Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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