Hartford Investment Management Co. Has $25.65 Million Position in The Procter & Gamble Company (NYSE:PG)

Hartford Investment Management Co. trimmed its position in The Procter & Gamble Company (NYSE:PG) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,112 shares of the company’s stock after selling 3,079 shares during the quarter. Procter & Gamble accounts for 0.8% of Hartford Investment Management Co.’s holdings, making the stock its 16th largest holding. Hartford Investment Management Co.’s holdings in Procter & Gamble were worth $25,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Planning Group LLC grew its position in shares of Procter & Gamble by 3.1% during the 1st quarter. Retirement Planning Group LLC now owns 4,424 shares of the company’s stock valued at $718,000 after acquiring an additional 133 shares during the period. Hoxton Planning & Management LLC increased its position in Procter & Gamble by 17.3% in the first quarter. Hoxton Planning & Management LLC now owns 2,201 shares of the company’s stock worth $357,000 after buying an additional 325 shares during the last quarter. Thompson Investment Management Inc. raised its stake in shares of Procter & Gamble by 0.6% in the first quarter. Thompson Investment Management Inc. now owns 23,390 shares of the company’s stock valued at $3,795,000 after buying an additional 144 shares during the period. Prentice Wealth Management LLC grew its stake in shares of Procter & Gamble by 3.1% during the 1st quarter. Prentice Wealth Management LLC now owns 3,995 shares of the company’s stock worth $648,000 after acquiring an additional 120 shares during the period. Finally, Security National Bank raised its stake in Procter & Gamble by 20.5% in the 1st quarter. Security National Bank now owns 693 shares of the company’s stock valued at $112,000 after acquiring an additional 118 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the sale, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares in the company, valued at $46,203,373.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 383,194 shares of company stock valued at $65,140,718 over the last ninety days. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PG shares. DA Davidson increased their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday. Dbs Bank cut Procter & Gamble from a “strong-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 dropped their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Trading Down 0.1 %

Procter & Gamble stock traded down $0.15 during mid-day trading on Wednesday, hitting $169.55. The company’s stock had a trading volume of 203,725 shares, compared to its average volume of 6,659,473. The business has a 50 day moving average price of $171.87 and a 200-day moving average price of $167.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market cap of $400.16 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 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.