110,173 Procter & Gamble Company (The) $PG Shares Sold by One Way Holdings LLC

Key Points

• One Way Holdings LLC sold 110,173 Procter & Gamble shares in the third quarter, reducing its position by 96.5% to 4,033 shares valued at approximately $586,000.
• Procter & Gamble reported quarterly EPS of $2.00, beating estimates by $0.11, while revenue rose 4% year over year to $23.28 billion. Institutional investors own 65.77% of the company.
• The company declared a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 dividend and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $170.57.

One Way Holdings LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 96.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,033 shares of the company's stock after selling 110,173 shares during the period. One Way Holdings LLC's holdings in Procter & Gamble were worth $586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PG. BlackRock Inc. bought a new position in shares of Procter & Gamble during the second quarter valued at $27,862,105,000. State Street Corp boosted its position in shares of Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company's stock valued at $14,988,999,000 after buying an additional 965,461 shares during the last quarter. Bank of America Corp DE bought a new stake in Procter & Gamble in the 2nd quarter worth about $3,850,628,000. Bank of New York Mellon Corp bought a new stake in Procter & Gamble in the 2nd quarter worth about $2,281,505,000. Finally, Dimensional Fund Advisors LP raised its position in Procter & Gamble by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company's stock worth $1,704,182,000 after buying an additional 300,280 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In related news, CEO Shailesh Jejurikar sold 35,000 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the completion of the sale, the chief executive officer directly owned 55,391 shares in the company, valued at approximately $9,033,718.19. The trade was a 38.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 4,181 shares of the company's stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $160.71, for a total transaction of $671,928.51. Following the sale, the insider directly owned 11,296 shares of the company's stock, valued at approximately $1,815,380.16. This represents a 27.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $163.99 on Tuesday. The firm has a market capitalization of $380.10 billion, a P/E ratio of 24.70, a PEG ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The business has a fifty day moving average of $150.37 and a 200 day moving average of $149.04.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble's revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 65.51%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PG. Piper Sandler upped their target price on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a "neutral" rating in a research note on Monday, October 26th. UBS Group set a $166.00 price target on shares of Procter & Gamble in a research note on Friday, October 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a report on Monday, September 21st. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $164.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, October 23rd. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.57.

Procter & Gamble Profile

Procter & Gamble Company NYSE: PG is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company's well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

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