Claro Advisors LLC Purchases 1,939 Shares of The Procter & Gamble Company (NYSE:PG)

Claro Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,516 shares of the company’s stock after buying an additional 1,939 shares during the quarter. Procter & Gamble accounts for about 0.8% of Claro Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Claro Advisors LLC’s holdings in Procter & Gamble were worth $6,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Concord Asset Management LLC VA increased its stake in Procter & Gamble by 6.2% in the 3rd quarter. Concord Asset Management LLC VA now owns 23,543 shares of the company’s stock worth $4,078,000 after buying an additional 1,384 shares during the period. Peterson Financial Group Inc. bought a new position in Procter & Gamble in the 3rd quarter worth about $137,000. Mechanics Financial Corp increased its position in shares of Procter & Gamble by 3.0% during the third quarter. Mechanics Financial Corp now owns 17,081 shares of the company’s stock worth $2,958,000 after acquiring an additional 491 shares during the period. Adero Partners LLC raised its stake in shares of Procter & Gamble by 5.7% during the third quarter. Adero Partners LLC now owns 5,322 shares of the company’s stock valued at $922,000 after acquiring an additional 289 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.4% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 18,003 shares of the company’s stock valued at $3,118,000 after purchasing an additional 245 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson boosted their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Nine equities 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. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Stock Up 1.5 %

NYSE:PG opened at $169.54 on Friday. The company’s 50 day moving average is $170.32 and its two-hundred day moving average is $168.36. The company has a market cap of $399.27 billion, a PE ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. 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 released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the firm earned $1.83 EPS. The firm’s revenue was down .6% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The trade was a 87.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at $50,897,483.94. The trade was a 9.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is owned by company insiders.

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.