Procter & Gamble Company (The) $PG Stock: King Luther Capital Management Corp Decreases Stake

King Luther Capital Management Corp decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,045,715 shares of the company’s stock after selling 31,283 shares during the quarter. King Luther Capital Management Corp’s holdings in Procter & Gamble were worth $151,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Ellis Investment Partners LLC grew its stake in shares of Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after buying an additional 64 shares in the last quarter. Clark Wealth Partners increased its holdings in Procter & Gamble by 20.6% during the third quarter. Clark Wealth Partners now owns 387 shares of the company’s stock worth $56,000 after buying an additional 66 shares during the last quarter. Kuhn & Co Investment Counsel raised its position in Procter & Gamble by 1.0% during the third quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after acquiring an additional 66 shares in the last quarter. Whelan Financial raised its position in Procter & Gamble by 1.9% during the third quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after acquiring an additional 68 shares in the last quarter. Finally, Midwest Professional Planners LTD. raised its position in Procter & Gamble by 2.6% during the second quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $167.79 on Thursday. The firm has a 50-day moving average of $153.39 and a 200-day moving average of $149.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a market cap of $388.91 billion, a PE ratio of 25.27, a P/E/G ratio of 4.15 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.52.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $5,184,413.00. Following the transaction, the chief financial officer owned 65,618 shares of the company’s stock, valued at approximately $11,089,442. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Aguilar sold 18,812 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $164.43, for a total value of $3,093,257.16. Following the transaction, the insider owned 55,243 shares in the company, valued at approximately $9,083,606.49. This trade represents a 25.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 197,756 shares of company stock valued at $32,336,001. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PG shares. Royal Bank Of Canada set a $169.00 price objective on shares of Procter & Gamble in a research report on Friday, October 23rd. Morgan Stanley upped their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Evercore upgraded shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price for the company in a research note on Tuesday, October 6th. UBS Group set a $166.00 price target on Procter & Gamble in a report on Friday, October 23rd. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.