The Procter & Gamble Company (NYSE:PG) Shares Sold by Berkshire Bank

Berkshire Bank lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 44,724 shares of the company’s stock after selling 630 shares during the quarter. Procter & Gamble makes up about 1.5% of Berkshire Bank’s portfolio, making the stock its 17th largest holding. Berkshire Bank’s holdings in Procter & Gamble were worth $6,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Paragon Wealth Strategies LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at about $33,000. KB Financial Partners LLC acquired a new position in Procter & Gamble in the 1st quarter valued at about $41,000. Monumental Financial Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at about $47,000. Aspire Private Capital LLC increased its position in Procter & Gamble by 85.3% in the 1st quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after acquiring an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 62.94% of the company’s stock.

In other news, Director Nelson Peltz sold 207,000 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total transaction of $29,483,010.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David S. Taylor sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $146.00, for a total value of $7,300,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 358,249 shares of company stock worth $51,740,197. Corporate insiders own 0.51% of the company’s stock.

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, October 20th. Truist boosted their target price on Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Berenberg Bank reiterated a “hold” rating and set a $146.00 target price on shares of Procter & Gamble in a research report on Wednesday, October 20th. Erste Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, August 20th. Finally, Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Tuesday, October 5th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.41.

PG stock traded down $0.78 on Thursday, reaching $148.66. The company had a trading volume of 5,665,157 shares, compared to its average volume of 7,660,160. The Procter & Gamble Company has a 1 year low of $121.54 and a 1 year high of $149.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67. The company’s fifty day moving average is $143.53 and its 200 day moving average is $140.59. The company has a market cap of $359.75 billion, a P/E ratio of 27.18, a PEG ratio of 3.70 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. During the same quarter in the prior year, the company earned $1.63 EPS. Procter & Gamble’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 5.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 22nd were paid a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, October 21st. Procter & Gamble’s dividend payout ratio is presently 63.62%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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