InTrack Investment Management Inc Acquires 731 Shares of The Procter & Gamble Company (NYSE:PG)

InTrack Investment Management Inc raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,445 shares of the company’s stock after acquiring an additional 731 shares during the period. Procter & Gamble makes up 1.4% of InTrack Investment Management Inc’s holdings, making the stock its 17th largest position. InTrack Investment Management Inc’s holdings in Procter & Gamble were worth $1,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brown Miller Wealth Management LLC raised its position in shares of Procter & Gamble by 1.4% during the 3rd quarter. Brown Miller Wealth Management LLC now owns 20,673 shares of the company’s stock valued at $3,580,000 after acquiring an additional 288 shares during the last quarter. HCR Wealth Advisors increased its position in shares of Procter & Gamble by 3.6% in the 3rd quarter. HCR Wealth Advisors now owns 10,034 shares of the company’s stock valued at $1,738,000 after buying an additional 353 shares in the last quarter. McNamara Financial Services Inc. increased its position in shares of Procter & Gamble by 28.8% in the 3rd quarter. McNamara Financial Services Inc. now owns 3,128 shares of the company’s stock valued at $542,000 after buying an additional 700 shares in the last quarter. Total Wealth Planning LLC increased its position in shares of Procter & Gamble by 7.2% in the 3rd quarter. Total Wealth Planning LLC now owns 22,701 shares of the company’s stock valued at $3,932,000 after buying an additional 1,532 shares in the last quarter. Finally, Atwater Malick LLC increased its position in shares of Procter & Gamble by 1.3% in the 3rd quarter. Atwater Malick LLC now owns 62,899 shares of the company’s stock valued at $10,894,000 after buying an additional 780 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 383,194 shares of company stock worth $65,140,718. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PG shares. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. Citigroup upped their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. DA Davidson began coverage on shares of Procter & Gamble in a research report on Wednesday. They issued a “neutral” rating and a $159.00 price objective for the company. Evercore ISI increased their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.21.

Procter & Gamble Trading Up 1.3 %

Shares of NYSE:PG opened at $171.09 on Friday. The Procter & Gamble Company has a 52-week low of $141.66 and a 52-week high of $177.94. The company has a market capitalization of $403.80 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The company has a 50-day simple moving average of $171.48 and a 200 day simple moving average of $166.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same period last year, the business posted $1.37 EPS. Procter & Gamble’s revenue was down .1% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.35%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

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.