Strategy Asset Managers LLC Acquires 181 Shares of The Procter & Gamble Company (NYSE:PG)

Strategy Asset Managers LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,718 shares of the company’s stock after buying an additional 181 shares during the period. Strategy Asset Managers LLC’s holdings in Procter & Gamble were worth $817,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the second quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the second quarter worth about $29,000. POM Investment Strategies LLC bought a new stake in Procter & Gamble during the second quarter worth about $34,000. Quest Partners LLC bought a new stake in Procter & Gamble during the second quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Procter & Gamble during the second quarter worth about $44,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson lifted their price objective on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. TD Cowen started coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Nine 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 stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 13,041 shares of the business’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 value of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at $6,325,360. The trade was a 25.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,727 shares of company stock valued at $46,014,037 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $170.77 on Wednesday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The business’s 50 day moving average price is $170.07 and its two-hundred day moving average price is $168.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $402.17 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $1.83 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

About Procter & Gamble

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.