Glass Wealth Management Co LLC Has $2.96 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Glass Wealth Management Co LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,116 shares of the company’s stock after selling 395 shares during the quarter. Procter & Gamble makes up about 1.6% of Glass Wealth Management Co LLC’s holdings, making the stock its 22nd biggest position. Glass Wealth Management Co LLC’s holdings in Procter & Gamble were worth $2,964,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Swiss National Bank grew its holdings in Procter & Gamble by 0.6% in the 3rd quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock valued at $1,213,403,000 after buying an additional 39,000 shares during the last quarter. S&CO Inc. grew its stake in shares of Procter & Gamble by 1.5% in the third quarter. S&CO Inc. now owns 22,674 shares of the company’s stock worth $3,927,000 after acquiring an additional 330 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Procter & Gamble by 23.5% during the third quarter. Thrivent Financial for Lutherans now owns 314,900 shares of the company’s stock worth $54,541,000 after acquiring an additional 59,886 shares during the period. Sugar Maple Asset Management LLC raised its stake in Procter & Gamble by 4.8% during the 3rd quarter. Sugar Maple Asset Management LLC now owns 1,730 shares of the company’s stock valued at $300,000 after purchasing an additional 79 shares during the last quarter. Finally, Claro Advisors LLC boosted its holdings in Procter & Gamble by 5.5% in the 3rd quarter. Claro Advisors LLC now owns 37,516 shares of the company’s stock valued at $6,498,000 after purchasing an additional 1,939 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $177.00.

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 stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the sale, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,597 shares of company stock worth $53,268,499 over the last 90 days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 1.5 %

PG opened at $169.54 on Monday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm has a 50-day moving average price of $170.32 and a two-hundred day moving average price of $168.40. The stock has a market capitalization of $399.27 billion, a PE ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted 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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 EPS. Procter & Gamble’s revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) 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.