Aldebaran Financial Inc. Boosts Position in The Procter & Gamble Company (NYSE:PG)

Aldebaran Financial Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,216 shares of the company’s stock after acquiring an additional 159 shares during the quarter. Procter & Gamble makes up approximately 3.0% of Aldebaran Financial Inc.’s holdings, making the stock its 9th biggest position. Aldebaran Financial Inc.’s holdings in Procter & Gamble were worth $2,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the second quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. boosted its stake in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. Finally, POM Investment Strategies LLC purchased a new stake in Procter & Gamble during the 2nd quarter valued at approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $173.14 on Tuesday. The firm has a market capitalization of $408.63 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The firm has a 50-day moving average price of $170.88 and a 200-day moving average price of $166.28. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced 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 of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PG. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Evercore ISI increased their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Insider Activity

In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.