LVW Advisors LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

LVW Advisors LLC raised its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.3% during the second quarter, Holdings Channel.com reports. The firm owned 24,027 shares of the company’s stock after purchasing an additional 314 shares during the quarter. LVW Advisors LLC’s holdings in Procter & Gamble were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PG. Win Advisors Inc. boosted its holdings in Procter & Gamble by 91.5% in the 2nd quarter. Win Advisors Inc. now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 86 shares in the last quarter. Lansing Street Advisors purchased a new stake in Procter & Gamble in the 1st quarter valued at approximately $37,000. Western Pacific Wealth Management LP acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $40,000. Dravo Bay LLC acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at approximately $40,000. Finally, Retirement Group LLC lifted its position in shares of Procter & Gamble by 48.2% during the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mary Theresa Grabowski sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total transaction of $2,352,000.00. Following the completion of the sale, the insider now owns 4,326 shares of the company’s stock, valued at approximately $635,922. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,321 shares of company stock worth $42,559,426. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Up 1.2 %

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Shares of NYSE:PG opened at $130.10 on Wednesday. The stock has a market capitalization of $310.35 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 3.24 and a beta of 0.38. The Procter & Gamble Company has a 1-year low of $126.21 and a 1-year high of $165.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The company has a 50 day moving average price of $140.63 and a 200 day moving average price of $146.24.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday. Truist Financial reduced their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 1st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research report on Monday, June 20th. Finally, Barclays reduced their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.21.

About Procter & Gamble

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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.