Intrua Financial LLC Has $3.36 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Intrua Financial LLC trimmed its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,377 shares of the company’s stock after selling 481 shares during the quarter. Procter & Gamble accounts for 0.7% of Intrua Financial LLC’s portfolio, making the stock its 29th largest position. Intrua Financial LLC’s holdings in Procter & Gamble were worth $3,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Win Advisors Inc. raised its stake in shares of Procter & Gamble by 91.5% during the second quarter. Win Advisors Inc. now owns 180 shares of the company’s stock worth $26,000 after buying an additional 86 shares during the last quarter. Lansing Street Advisors bought a new stake in Procter & Gamble during the 1st quarter worth about $37,000. Dravo Bay LLC bought a new position in shares of Procter & Gamble in the 1st quarter valued at about $40,000. Retirement Group LLC boosted its position in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its stake in Procter & Gamble by 31.0% in the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares in the last quarter. 63.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PG shares. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $152.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, October 13th. UBS Group dropped their target price on shares of Procter & Gamble from $153.00 to $135.00 in a report on Thursday, October 13th. The Goldman Sachs Group cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 price target for the company. in a report on Sunday, October 9th. Truist Financial dropped their price objective on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Finally, Wolfe Research began coverage on Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $156.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $151.00.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 14,922 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total transaction of $2,083,111.20. Following the completion of the transaction, the chief executive officer now owns 12,310 shares of the company’s stock, valued at $1,718,476. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Sundar G. Raman sold 14,922 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $139.60, for a total transaction of $2,083,111.20. Following the completion of the sale, the chief executive officer now owns 12,310 shares of the company’s stock, valued at $1,718,476. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mary Theresa Grabowski sold 10,397 shares of Procter & Gamble stock in a transaction on Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the completion of the transaction, the insider now directly owns 4,353 shares in the company, valued at $635,538. The disclosure for this sale can be found here. In the last three months, insiders sold 69,209 shares of company stock valued at $9,708,325. 0.26% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.6 %

Shares of PG traded up $0.83 during trading hours on Thursday, reaching $146.45. The stock had a trading volume of 4,296,014 shares, compared to its average volume of 6,557,472. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $133.59 and a 200 day simple moving average of $140.37. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $165.35. The company has a market capitalization of $349.36 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 4.18 and a beta of 0.41.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Wednesday, October 19th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.55 by $0.02. The company had revenue of $20.61 billion during the quarter, compared to the consensus estimate of $20.37 billion. Procter & Gamble had a net margin of 18.11% and a return on equity of 32.66%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 5.83 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 21st were given a dividend of $0.9133 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, October 20th. This represents a $3.65 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is presently 63.26%.

About Procter & Gamble

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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.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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