Maia Wealth LLC Acquires 520 Shares of The Procter & Gamble Company (NYSE:PG)

Maia Wealth LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 15.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,855 shares of the company’s stock after acquiring an additional 520 shares during the period. Maia Wealth LLC’s holdings in Procter & Gamble were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PG. Umpqua Bank lifted its stake in shares of Procter & Gamble by 0.9% during the 3rd quarter. Umpqua Bank now owns 17,036 shares of the company’s stock valued at $2,951,000 after buying an additional 151 shares in the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of Procter & Gamble by 2.1% in the third quarter. Harvest Portfolios Group Inc. now owns 110,486 shares of the company’s stock valued at $19,136,000 after acquiring an additional 2,285 shares in the last quarter. Foster & Motley Inc. grew its position in shares of Procter & Gamble by 0.6% during the third quarter. Foster & Motley Inc. now owns 73,925 shares of the company’s stock worth $12,804,000 after purchasing an additional 436 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its stake in Procter & Gamble by 11.0% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 1,832 shares of the company’s stock valued at $317,000 after purchasing an additional 182 shares during the period. Finally, Radnor Capital Management LLC purchased a new position in Procter & Gamble in the 3rd quarter worth approximately $5,705,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.6 %

NYSE:PG traded down $2.67 during midday trading on Wednesday, reaching $163.09. The company had a trading volume of 2,080,342 shares, compared to its average volume of 6,600,231. The stock’s fifty day simple moving average is $171.45 and its 200-day simple moving average is $168.18. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The firm has a market capitalization of $384.08 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.57 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’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 in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. This 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 this hyperlink. Also, insider Susan Street Whaley sold 450 shares of Procter & Gamble 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 sale, the insider now owns 13,072 shares in the company, 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 sold 385,771 shares of company stock worth $65,610,975 over the last 90 days. Company insiders own 0.18% 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.