Aletheian Wealth Advisors LLC Increases Stake in The Procter & Gamble Company (NYSE:PG)

29 Aug 2024, 01:22 by Amy Steele · The Cerbat Gem

Aletheian Wealth Advisors LLC grew its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,693 shares of the company’s stock after acquiring an additional 273 shares during the period. Aletheian Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $3,956,117,000. TD Asset Management Inc grew its stake in Procter & Gamble by 114.9% in the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after acquiring an additional 1,907,716 shares during the last quarter. Swedbank AB acquired a new position in Procter & Gamble during the first quarter worth about $233,788,000. Ilex Capital Partners UK LLP purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Procter & Gamble by 32.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock valued at $830,256,000 after purchasing an additional 1,385,146 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the transaction, the chief executive officer now owns 300,777 shares in the company, valued at approximately $51,252,400.80. The disclosure for this sale can be found here. Insiders sold 338,313 shares of company stock valued at $57,539,677 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PG has been the topic of a number of analyst reports. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Barclays lowered their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price target on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $173.95.

Get Our Latest Report on Procter & Gamble

Procter & Gamble Stock Down 0.1 %

PG traded down $0.15 on Wednesday, reaching $169.10. The company’s stock had a trading volume of 5,644,860 shares, compared to its average volume of 6,581,368. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.89. The business’s 50 day moving average is $167.36 and its 200 day moving average is $163.85. The stock has a market cap of $399.10 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

About Procter & Gamble

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