Dearborn Partners LLC Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Dearborn Partners LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 68,207 shares of the company’s stock after selling 126 shares during the quarter. Dearborn Partners LLC’s holdings in Procter & Gamble were worth $11,813,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble during the second quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in Procter & Gamble in the second quarter valued at $29,000. POM Investment Strategies LLC purchased a new stake in Procter & Gamble during the 2nd quarter valued at approximately $34,000. Quest Partners LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Jon R. Moeller sold 31,797 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $5,380,688.34. Following the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $50,897,483.94. The trade was a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated 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. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock worth $53,268,499 in the last 90 days. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PG shares. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. TD Cowen assumed coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, DA Davidson lifted their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Up 0.3 %

Shares of PG stock opened at $167.08 on Friday. The company has a market capitalization of $393.48 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock’s 50 day simple moving average is $170.61 and its 200 day simple moving average is $168.28. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is presently 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.