Waypoint Capital Advisors LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Waypoint Capital Advisors LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the company’s stock after buying an additional 177 shares during the period. Waypoint Capital Advisors LLC’s holdings in Procter & Gamble were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the second quarter valued at $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $29,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, Quest Partners LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth approximately $36,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson reaffirmed a “neutral” rating and set a $159.00 price target on shares of Procter & Gamble in a report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.21.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 8,842 shares of the business’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 value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 over the last 90 days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.0 %

Shares of NYSE:PG opened at $171.28 on Friday. 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 stock has a market cap of $404.24 billion, a P/E ratio of 27.99, a P/E/G ratio of 3.74 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm has a fifty day moving average price of $171.77 and a 200 day moving average price of $167.16.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business 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 $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is currently 65.69%.

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.