Opal Wealth Advisors LLC Sells 257 Shares of The Procter & Gamble Company (NYSE:PG)

Opal Wealth Advisors LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,653 shares of the company’s stock after selling 257 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Procter & Gamble were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in Procter & Gamble during the 4th quarter worth $1,527,000. Lansing Street Advisors purchased a new position in shares of Procter & Gamble during the first quarter valued at $37,000. Western Pacific Wealth Management LP bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $40,000. Retirement Group LLC lifted its stake in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares during the period. Finally, Delos Wealth Advisors LLC bought a new position in Procter & Gamble during the 4th quarter worth about $50,000. 63.64% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $144.72 on Friday. The company’s 50-day moving average is $142.90 and its two-hundred day moving average is $151.06. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The firm has a market capitalization of $347.23 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.00 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. Analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be paid a $0.913 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble’s payout ratio is presently 62.82%.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at $728,770. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the transaction, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PG shares. Barclays reduced their price target on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday. Credit Suisse Group increased their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research report on Monday, June 20th. Finally, Wells Fargo & Company decreased their price target on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Company Profile

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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.

See Also

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

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