The Procter & Gamble Company (NYSE:PG) Shares Sold by Element Wealth LLC

Element Wealth LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 12.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,087 shares of the company’s stock after selling 296 shares during the period. Element Wealth LLC’s holdings in Procter & Gamble were worth $361,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Steele Capital Management Inc. acquired a new stake in Procter & Gamble in the 1st quarter valued at about $204,000. GAMMA Investing LLC lifted its stake in Procter & Gamble by 67.2% in the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock worth $4,420,000 after acquiring an additional 10,777 shares during the last quarter. Consilio Wealth Advisors LLC grew its holdings in Procter & Gamble by 27.7% during the 1st quarter. Consilio Wealth Advisors LLC now owns 1,746 shares of the company’s stock worth $283,000 after acquiring an additional 379 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Finally, Talbot Financial LLC lifted its position in shares of Procter & Gamble by 1.5% during the 1st quarter. Talbot Financial LLC now owns 65,600 shares of the company’s stock worth $10,644,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PG shares. DA Davidson increased their price objective on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a report on Monday. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares in the company, valued at $2,343,110. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,186 shares of company stock valued at $65,479,358. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $169.64 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $171.88 and a 200-day moving average of $167.45. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The firm has a market cap of $399.51 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the firm posted $1.83 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is 69.48%.

Procter & Gamble Company 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.