Sunbelt Securities Inc. Purchases 287 Shares of The Procter & Gamble Company (NYSE:PG)

Sunbelt Securities Inc. increased its position in The Procter & Gamble Company (NYSE:PG) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 49,451 shares of the company’s stock after acquiring an additional 287 shares during the quarter. Procter & Gamble accounts for 0.8% of Sunbelt Securities Inc.’s holdings, making the stock its 16th largest position. Sunbelt Securities Inc.’s holdings in Procter & Gamble were worth $8,565,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth $33,000. POM Investment Strategies LLC bought a new position in Procter & Gamble during the second quarter worth $34,000. Finally, Quest Partners LLC acquired a new position in Procter & Gamble in the second quarter valued at $36,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research note on Monday, September 30th. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. DA Davidson raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $209.00 in a research report on Monday, November 25th. 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 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This represents a 2.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,080 shares of company stock valued at $14,629,038. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $172.38 on Wednesday. The company has a fifty day moving average price of $170.71 and a 200-day moving average price of $169.44. The firm has a market cap of $405.96 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 3.68 and a beta of 0.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the firm posted $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s 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.