19,092 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,092 shares of the company’s stock, valued at approximately $3,307,000. Procter & Gamble makes up about 2.4% of OneAscent Financial Services LLC’s holdings, making the stock its 8th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $34,000. Quest Partners LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $170.80 on Tuesday. The company has a fifty day simple moving average of $170.21 and a 200 day simple moving average of $168.45. The firm has a market cap of $402.24 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. 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 released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on 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 transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now 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 sold 270,727 shares of company stock valued at $46,014,037. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research note on Monday, September 30th. Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Piper Sandler began coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.00.

About Procter & Gamble

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.