Soltis Investment Advisors LLC Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Soltis Investment Advisors LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 2.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 33,705 shares of the company’s stock after acquiring an additional 751 shares during the period. Soltis Investment Advisors LLC’s holdings in Procter & Gamble were worth $5,838,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in Procter & Gamble by 0.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 49,451 shares of the company’s stock valued at $8,565,000 after purchasing an additional 287 shares in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $4,276,000. Coldstream Capital Management Inc. lifted its stake in shares of Procter & Gamble by 4.1% during the third quarter. Coldstream Capital Management Inc. now owns 84,777 shares of the company’s stock valued at $14,665,000 after buying an additional 3,324 shares during the period. JDM Financial Group LLC boosted its position in Procter & Gamble by 29.5% during the third quarter. JDM Financial Group LLC now owns 456 shares of the company’s stock worth $79,000 after acquiring an additional 104 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $172.38 on Wednesday. The company has a market cap of $405.96 billion, a PE ratio of 29.72, a P/E/G ratio of 3.68 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $180.43. The company has a fifty day moving average price of $170.71 and a two-hundred day moving average price of $169.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share. Research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Insiders Place Their Bets

In related 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 transaction of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. The trade was a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,080 shares of company stock worth $14,629,038. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. Wells Fargo & Company raised their price objective on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

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.