Fulton Breakefield Broenniman LLC Sells 477 Shares of The Procter & Gamble Company (NYSE:PG)

Fulton Breakefield Broenniman LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,745 shares of the company’s stock after selling 477 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Procter & Gamble were worth $1,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC lifted its holdings in Procter & Gamble by 1.1% in the third quarter. Wolff Wiese Magana LLC now owns 7,740 shares of the company’s stock valued at $1,341,000 after buying an additional 87 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Procter & Gamble by 2.3% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 41,265 shares of the company’s stock worth $7,147,000 after acquiring an additional 944 shares in the last quarter. Amplius Wealth Advisors LLC lifted its stake in shares of Procter & Gamble by 2.5% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 5,986 shares of the company’s stock valued at $1,037,000 after purchasing an additional 144 shares during the period. Indiana Trust & Investment Management Co boosted its position in shares of Procter & Gamble by 9.8% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 13,227 shares of the company’s stock valued at $2,291,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Leisure Capital Management grew its stake in Procter & Gamble by 0.5% during the third quarter. Leisure Capital Management now owns 17,576 shares of the company’s stock worth $3,044,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the 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 transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jon R. Moeller sold 7,007 shares of the business’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 sale, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 383,194 shares of company stock worth $65,140,718. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PG. DA Davidson reiterated a “neutral” rating and issued a $159.00 price objective on shares of Procter & Gamble in a research note on Tuesday. Evercore ISI upped their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Piper Sandler started coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Procter & Gamble Stock Performance

NYSE PG opened at $172.36 on Thursday. The company has a market capitalization of $406.78 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company has a 50-day simple moving average of $171.72 and a 200 day simple moving average of $167.00.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (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 during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the business posted $1.37 EPS. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current 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 issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

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.