Empower Advisory Group LLC Acquires 23,540 Shares of The Procter & Gamble Company (NYSE:PG)

Empower Advisory Group LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 2.1% during the third quarter, HoldingsChannel.com reports. The fund owned 1,126,243 shares of the company’s stock after purchasing an additional 23,540 shares during the period. Empower Advisory Group LLC’s holdings in Procter & Gamble were worth $195,065,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. increased its holdings in shares of Procter & Gamble by 5.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after buying an additional 1,657 shares in the last quarter. Quent Capital LLC grew its stake in shares of Procter & Gamble by 2.0% in the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after purchasing an additional 206 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Procter & Gamble by 59.0% in the first quarter. Empowered Funds LLC now owns 101,085 shares of the company’s stock worth $16,401,000 after purchasing an additional 37,491 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its stake in shares of Procter & Gamble by 12.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 2,246 shares of the company’s stock worth $364,000 after purchasing an additional 247 shares during the last quarter. Finally, D Orazio & Associates Inc. grew its stake in shares of Procter & Gamble by 2.8% in the first quarter. D Orazio & Associates Inc. now owns 6,399 shares of the company’s stock worth $1,038,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. 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 at the SEC website. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,597 shares of company stock valued at $53,268,499. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 0.1 %

Procter & Gamble stock opened at $165.84 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market cap of $390.56 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.59 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The firm’s 50-day simple moving average is $170.97 and its 200 day simple moving average is $168.26.

Procter & Gamble (NYSE:PG) last issued its quarterly 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. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.43%. Procter & Gamble’s payout ratio is currently 69.48%.

Procter & Gamble 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.