Bridgewater Advisors Inc. Purchases 729 Shares of The Procter & Gamble Company (NYSE:PG)

Bridgewater Advisors Inc. lifted its stake in The Procter & Gamble Company (NYSE:PG) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,484 shares of the company’s stock after acquiring an additional 729 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Procter & Gamble were worth $3,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PG. Walkner Condon Financial Advisors LLC raised its position in shares of Procter & Gamble by 21.5% in the third quarter. Walkner Condon Financial Advisors LLC now owns 3,935 shares of the company’s stock valued at $682,000 after purchasing an additional 696 shares during the period. Advisor Resource Council acquired a new stake in Procter & Gamble during the third quarter worth approximately $1,237,000. Graypoint LLC increased its position in shares of Procter & Gamble by 4.6% in the third quarter. Graypoint LLC now owns 26,485 shares of the company’s stock worth $4,587,000 after purchasing an additional 1,175 shares during the period. Blake Schutter Theil Wealth Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter valued at about $493,000. Finally, Forte Capital LLC ADV lifted its stake in Procter & Gamble by 7.0% during the third quarter. Forte Capital LLC ADV now owns 4,270 shares of the company’s stock worth $739,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $160.99 on Thursday. The firm has a market capitalization of $379.14 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm’s 50 day simple moving average is $171.29 and its 200 day simple moving average is $168.13. 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 announced its quarterly earnings data 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 firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the business posted $1.83 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is currently 69.48%.

Analyst Ratings Changes

Several equities analysts recently commented on PG shares. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Finally, Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Nine equities research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,771 shares of company stock worth $65,610,975 in the last three months. 0.18% of the stock is owned by company insiders.

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.