The Procter & Gamble Company (NYSE:PG) Shares Acquired by Pictet North America Advisors SA

Pictet North America Advisors SA lifted its position in The Procter & Gamble Company (NYSE:PG) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,256 shares of the company’s stock after purchasing an additional 511 shares during the quarter. Procter & Gamble makes up 1.2% of Pictet North America Advisors SA’s investment portfolio, making the stock its 29th biggest holding. Pictet North America Advisors SA’s holdings in Procter & Gamble were worth $12,168,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Symphony Financial Ltd. Co. boosted its position in shares of Procter & Gamble by 35.4% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 14,723 shares of the company’s stock valued at $2,554,000 after purchasing an additional 3,852 shares during the period. Peavine Capital LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $208,000. RBA Wealth Management LLC boosted its position in shares of Procter & Gamble by 3.2% in the 3rd quarter. RBA Wealth Management LLC now owns 28,963 shares of the company’s stock valued at $5,016,000 after purchasing an additional 903 shares during the period. Waldron Private Wealth LLC boosted its position in shares of Procter & Gamble by 1.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 42,337 shares of the company’s stock valued at $7,333,000 after purchasing an additional 582 shares during the period. Finally, Eastern Bank boosted its position in shares of Procter & Gamble by 649.1% in the 3rd quarter. Eastern Bank now owns 319,706 shares of the company’s stock valued at $55,373,000 after purchasing an additional 277,028 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Susan Street Whaley sold 634 shares of the firm’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 $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,194 shares of company stock worth $65,140,718. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $169.73 on Wednesday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a market capitalization of $400.59 billion, a P/E ratio of 29.26, a PEG ratio of 3.72 and a beta of 0.41. The business has a 50 day moving average price of $171.87 and a 200 day moving average price of $167.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Ratings Changes

Several research firms have commented on PG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Monday. Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Thursday, August 29th. Finally, Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.00.

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.