BNP Paribas Reduces Stake in The Procter & Gamble Company (NYSE:PG)

BNP Paribas lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,325 shares of the company’s stock after selling 1,497 shares during the quarter. BNP Paribas’ holdings in Procter & Gamble were worth $13,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC purchased a new stake in Procter & Gamble during the second quarter valued at approximately $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble in the second quarter worth approximately $34,000. Quest Partners LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $44,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson raised 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 note on Monday. Piper Sandler assumed 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. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,233 shares of company stock worth $6,024,234. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Price Performance

NYSE:PG opened at $179.31 on Wednesday. The business’s 50-day moving average is $170.11 and its 200 day moving average is $168.83. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $179.46. The company has a market capitalization of $422.28 billion, a P/E ratio of 30.92, a P/E/G ratio of 3.82 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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 the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the firm earned $1.83 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.25%. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.