The Procter & Gamble Company (NYSE:PG) Stock Holdings Lowered by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 17.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,185 shares of the company’s stock after selling 11,848 shares during the period. Procter & Gamble accounts for 1.5% of Octavia Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Octavia Wealth Advisors LLC’s holdings in Procter & Gamble were worth $8,380,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Morgan Stanley grew its position in Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares in the last quarter. Wellington Management Group LLP grew its position in Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares in the last quarter. Finally, Northern Trust Corp grew its position in Procter & Gamble by 2.3% in the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after buying an additional 670,862 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. UBS Group raised their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $168.53.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE PG traded up $0.62 during mid-day trading on Tuesday, reaching $156.07. The company had a trading volume of 2,171,137 shares, compared to its average volume of 6,799,250. The stock has a fifty day moving average of $159.27 and a two-hundred day moving average of $152.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The company has a market capitalization of $367.24 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.58%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,063 shares of company stock worth $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

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.