GHP Investment Advisors Inc. Buys 1,543 Shares of The Procter & Gamble Company (NYSE:PG)

GHP Investment Advisors Inc. increased its stake in The Procter & Gamble Company (NYSE:PG) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,078 shares of the company’s stock after buying an additional 1,543 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Procter & Gamble were worth $14,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OneAscent Wealth Management LLC lifted its position in shares of Procter & Gamble by 24.6% during the first quarter. OneAscent Wealth Management LLC now owns 2,240 shares of the company’s stock worth $363,000 after purchasing an additional 442 shares during the last quarter. Norris Perne & French LLP MI lifted its holdings in Procter & Gamble by 26.3% during the 1st quarter. Norris Perne & French LLP MI now owns 3,145 shares of the company’s stock valued at $510,000 after buying an additional 655 shares in the last quarter. Independence Bank of Kentucky boosted its position in Procter & Gamble by 7.8% in the 1st quarter. Independence Bank of Kentucky now owns 29,187 shares of the company’s stock valued at $4,736,000 after buying an additional 2,110 shares during the period. Occidental Asset Management LLC grew its stake in Procter & Gamble by 14.6% in the 1st quarter. Occidental Asset Management LLC now owns 2,500 shares of the company’s stock worth $406,000 after acquiring an additional 318 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Procter & Gamble by 14.7% during the first quarter. Hodges Capital Management Inc. now owns 9,912 shares of the company’s stock worth $1,608,000 after acquiring an additional 1,273 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PG. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Performance

NYSE PG opened at $168.22 on Friday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. 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 firm has a market capitalization of $396.16 billion, a P/E ratio of 29.00, a PEG ratio of 3.67 and a beta of 0.41. The stock has a 50-day simple moving average of $171.93 and a two-hundred day simple moving average of $167.62.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm 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 quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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 paid 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 2.39%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $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 397,986 shares of company stock valued at $67,642,430 over the last quarter. 0.18% of the stock is currently owned by 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.