SlateStone Wealth LLC Has $3.76 Million Holdings in The Procter & Gamble Company (NYSE:PG)

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SlateStone Wealth LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 62.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,056 shares of the company’s stock after acquiring an additional 10,390 shares during the quarter. SlateStone Wealth LLC’s holdings in The Procter & Gamble were worth $3,761,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its stake in The Procter & Gamble by 54.8% during the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after purchasing an additional 7,392,929 shares during the period. GQG Partners LLC purchased a new stake in The Procter & Gamble in the 2nd quarter worth about $588,945,000. Two Sigma Advisers LP lifted its stake in The Procter & Gamble by 171.9% in the 2nd quarter. Two Sigma Advisers LP now owns 3,722,500 shares of the company’s stock worth $445,099,000 after acquiring an additional 2,353,200 shares in the last quarter. FMR LLC boosted its position in The Procter & Gamble by 8.0% during the 2nd quarter. FMR LLC now owns 23,587,275 shares of the company’s stock worth $2,820,331,000 after acquiring an additional 1,737,306 shares during the period. Finally, State Street Corp grew its stake in The Procter & Gamble by 0.9% during the 1st quarter. State Street Corp now owns 118,284,669 shares of the company’s stock valued at $13,011,314,000 after acquiring an additional 1,086,517 shares in the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

Shares of NYSE PG traded down $1.69 during midday trading on Friday, reaching $135.88. 83,216 shares of the stock were exchanged, compared to its average volume of 8,281,999. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $145.87. The company has a market capitalization of $341.12 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 3.53 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The business has a 50-day simple moving average of $140.00 and a two-hundred day simple moving average of $127.44.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 5.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a dividend of $0.7907 per share. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a yield of 2.33%. The Procter & Gamble’s payout ratio is 61.72%.

PG has been the topic of a number of research analyst reports. Truist boosted their price objective on shares of The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $128.00 price target on shares of The Procter & Gamble in a research note on Tuesday, October 20th. Berenberg Bank reaffirmed a “hold” rating and issued a $156.00 price objective on shares of The Procter & Gamble in a research note on Thursday, October 22nd. SunTrust Banks boosted their target price on The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group upped their price target on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a report on Monday, October 12th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $144.50.

In other The Procter & Gamble news, CEO R. Alexandra Keith sold 16,871 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $136.09, for a total value of $2,295,974.39. Following the sale, the chief executive officer now owns 45,240 shares in the company, valued at approximately $6,156,711.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marylynn Fergusonmchugh sold 39,381 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $134.33, for a total value of $5,290,049.73. Following the transaction, the chief executive officer now directly owns 134,140 shares of the company’s stock, valued at approximately $18,019,026.20. The disclosure for this sale can be found here. Insiders have sold a total of 464,081 shares of company stock worth $64,904,025 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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