The Procter & Gamble Company (NYSE:PG) Shares Purchased by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 33,529 shares of the company’s stock after acquiring an additional 133 shares during the period. Petredis Investment Advisors LLC’s holdings in Procter & Gamble were worth $5,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Luts & Greenleigh Group Inc. lifted its holdings in shares of Procter & Gamble by 19.8% in the third quarter. Luts & Greenleigh Group Inc. now owns 3,592 shares of the company’s stock valued at $622,000 after purchasing an additional 594 shares in the last quarter. Keystone Wealth Services LLC lifted its holdings in shares of Procter & Gamble by 11.2% in the third quarter. Keystone Wealth Services LLC now owns 2,494 shares of the company’s stock valued at $432,000 after purchasing an additional 252 shares in the last quarter. Lockerman Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 2.9% in the third quarter. Lockerman Financial Group Inc. now owns 4,148 shares of the company’s stock valued at $719,000 after purchasing an additional 115 shares in the last quarter. Peak Financial Management Inc. lifted its holdings in shares of Procter & Gamble by 4.4% in the third quarter. Peak Financial Management Inc. now owns 2,561 shares of the company’s stock valued at $444,000 after purchasing an additional 107 shares in the last quarter. Finally, von Borstel & Associates Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at approximately $272,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Evercore ISI raised their price target on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. TD Cowen initiated coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research note on Monday, September 30th. Finally, Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $176.21.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now directly owns 269,172 shares in the company, valued at $46,203,373.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jon R. Moeller sold 7,007 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at $46,203,373.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 383,194 shares of company stock valued at $65,140,718 over the last quarter. 0.17% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.6 %

Shares of PG stock opened at $173.61 on Wednesday. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market cap of $409.74 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The stock has a 50 day moving average of $171.68 and a 200-day moving average of $166.96.

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

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.