The Procter & Gamble Company (NYSE:PG) Shares Sold by Gold Investment Management Ltd.

Gold Investment Management Ltd. lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 58.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 904 shares of the company’s stock after selling 1,298 shares during the quarter. Gold Investment Management Ltd.’s holdings in Procter & Gamble were worth $157,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stiles Financial Services Inc increased its position in shares of Procter & Gamble by 2.0% in the third quarter. Stiles Financial Services Inc now owns 22,523 shares of the company’s stock worth $3,901,000 after acquiring an additional 445 shares in the last quarter. Financial Strategies Group Inc. lifted its stake in shares of Procter & Gamble by 5.2% during the third quarter. Financial Strategies Group Inc. now owns 32,174 shares of the company’s stock worth $5,550,000 after purchasing an additional 1,601 shares in the last quarter. AIA Group Ltd raised its holdings in shares of Procter & Gamble by 5.7% during the 3rd quarter. AIA Group Ltd now owns 324,979 shares of the company’s stock valued at $56,286,000 after buying an additional 17,525 shares during the period. Summit Global Investments lifted its position in Procter & Gamble by 14.2% during the 3rd quarter. Summit Global Investments now owns 6,706 shares of the company’s stock worth $1,161,000 after acquiring an additional 835 shares in the last quarter. Finally, Smith Thornton Advisors LLC boosted its holdings in Procter & Gamble by 3.7% in the 3rd quarter. Smith Thornton Advisors LLC now owns 5,515 shares of the company’s stock worth $955,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock valued at $53,268,499 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

PG stock traded up $0.92 during mid-day trading on Friday, hitting $164.33. 629,018 shares of the company were exchanged, compared to its average volume of 6,634,319. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm has a market cap of $387.00 billion, a P/E ratio of 28.17, a P/E/G ratio of 3.57 and a beta of 0.42. The firm’s 50 day simple moving average is $171.29 and its 200 day simple moving average is $168.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

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, beating the consensus estimate of $1.90 by $0.03. The company 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%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PG shares. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.00.

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.