The Procter & Gamble Company (NYSE:PG) Shares Purchased by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. raised its stake in The Procter & Gamble Company (NYSE:PG) by 4.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,118 shares of the company’s stock after buying an additional 719 shares during the quarter. Pacific Wealth Strategies Group Inc.’s holdings in Procter & Gamble were worth $2,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Magellan Asset Management Ltd raised its stake in shares of Procter & Gamble by 566,378.0% in the 2nd quarter. Magellan Asset Management Ltd now owns 13,340,557 shares of the company’s stock worth $1,800,041,000 after buying an additional 13,338,202 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter worth $989,563,000. Amundi acquired a new position in shares of Procter & Gamble in the 2nd quarter worth $588,283,000. Beacon Capital Management Inc. grew its holdings in shares of Procter & Gamble by 27,777.8% during the second quarter. Beacon Capital Management Inc. now owns 2,575,071 shares of the company’s stock valued at $211,568,000 after buying an additional 2,565,834 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Procter & Gamble by 7.5% during the second quarter. FMR LLC now owns 25,132,944 shares of the company’s stock valued at $3,391,188,000 after buying an additional 1,746,707 shares in the last quarter. Hedge funds and other institutional investors own 62.94% of the company’s stock.

A number of brokerages have weighed in on PG. Truist Securities boosted their price target on Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Erste Group raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, August 20th. Credit Suisse Group boosted their price objective on Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Truist boosted their price objective on Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Finally, Bank of America initiated coverage on Procter & Gamble in a research report on Tuesday, October 5th. They set a “buy” rating for the company. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Hold” and an average price target of $149.41.

PG stock traded down $0.78 during mid-day trading on Thursday, hitting $148.66. 5,665,157 shares of the company were exchanged, compared to its average volume of 7,660,160. The business has a 50 day simple moving average of $143.53 and a 200-day simple moving average of $140.59. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $359.75 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $121.54 and a 1-year high of $149.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $19.87 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. Equities research analysts expect that The Procter & Gamble Company will post 5.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were paid a $0.8698 dividend. The ex-dividend date of this dividend was Thursday, October 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is 63.62%.

In other news, CEO Ma. Fatima Francisco sold 8,115 shares of the business’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $148.40, for a total transaction of $1,204,266.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael G. Homan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $146.81, for a total transaction of $1,468,100.00. The disclosure for this sale can be found here. Insiders sold 358,249 shares of company stock worth $51,740,197 over the last three months. 0.51% of the stock is currently owned by insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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