Loomis Sayles & Co. L P Buys 2,112 Shares of The Procter & Gamble Company (NYSE:PG)

Loomis Sayles & Co. L P lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 61,664 shares of the company’s stock after acquiring an additional 2,112 shares during the period. Loomis Sayles & Co. L P’s holdings in Procter & Gamble were worth $10,680,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. DRW Securities LLC boosted its position in Procter & Gamble by 33.0% during the third quarter. DRW Securities LLC now owns 19,335 shares of the company’s stock worth $3,349,000 after purchasing an additional 4,793 shares during the period. Independent Advisor Alliance lifted its stake in shares of Procter & Gamble by 3.3% in the third quarter. Independent Advisor Alliance now owns 136,050 shares of the company’s stock worth $23,564,000 after buying an additional 4,301 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Procter & Gamble by 218.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,124 shares of the company’s stock worth $887,000 after buying an additional 3,517 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Procter & Gamble by 33.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 20,127 shares of the company’s stock valued at $3,486,000 after buying an additional 5,088 shares during the last quarter. Finally, Davis R M Inc. raised its holdings in Procter & Gamble by 10.9% in the 3rd quarter. Davis R M Inc. now owns 248,442 shares of the company’s stock worth $43,030,000 after acquiring an additional 24,489 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,233 shares of company stock worth $6,024,234. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $179.34 on Thursday. The business has a 50 day simple moving average of $170.22 and a 200 day simple moving average of $168.90. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. The company has a market capitalization of $422.35 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $180.45.

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.