Barrett & Company Inc. Has $1.59 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Barrett & Company Inc. trimmed its position in The Procter & Gamble Company (NYSE:PG) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,175 shares of the company’s stock after selling 449 shares during the quarter. Barrett & Company Inc.’s holdings in Procter & Gamble were worth $1,589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the 2nd quarter valued at about $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the second quarter valued at approximately $29,000. Ruedi Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the 2nd quarter valued at $34,000. Finally, Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $36,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PG. Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. DA Davidson raised their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Morgan Stanley boosted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Stock Up 0.5 %

NYSE:PG traded up $0.77 during trading hours on Monday, hitting $168.99. 750,857 shares of the company traded hands, compared to its average volume of 6,640,942. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a market cap of $398.84 billion, a PE ratio of 27.49, a PEG ratio of 3.67 and a beta of 0.41. The firm’s 50-day simple moving average is $171.93 and its 200-day simple moving average is $167.69.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the previous year, the firm earned $1.83 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s payout ratio is 65.69%.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 397,986 shares of company stock valued at $67,642,430 over the last quarter. Company insiders own 0.17% of the company’s stock.

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.