The Procter & Gamble Company (NYSE:PG) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 188,145 shares of the company’s stock after acquiring an additional 2,050 shares during the quarter. D.A. Davidson & CO.’s holdings in Procter & Gamble were worth $32,587,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PG. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble in the second quarter worth approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble during the second quarter valued at about $34,000. Quest Partners LLC bought a new stake in Procter & Gamble in the second quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG opened at $177.40 on Tuesday. The stock has a fifty day moving average price of $170.04 and a 200 day moving average price of $168.74. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $178.82. The stock has a market cap of $417.78 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 3.81 and a beta of 0.42.

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, 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 business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the company earned $1.83 EPS. The firm’s revenue was down .6% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s payout ratio is 69.31%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PG. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. This represents a 12.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,473 shares of company stock worth $12,313,697 over the last three months. Corporate insiders own 0.18% of the company’s stock.

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.