GUNN & Co INVESTMENT MANAGEMENT INC. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

GUNN & Co INVESTMENT MANAGEMENT INC. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 92.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,289 shares of the company’s stock after selling 245,268 shares during the quarter. Procter & Gamble makes up approximately 2.5% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 13th biggest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Procter & Gamble were worth $3,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CFM Wealth Partners LLC increased its stake in shares of Procter & Gamble by 6.3% during the first quarter. CFM Wealth Partners LLC now owns 7,178 shares of the company’s stock valued at $1,165,000 after buying an additional 428 shares during the period. Constitution Capital LLC raised its holdings in Procter & Gamble by 12.5% in the 1st quarter. Constitution Capital LLC now owns 28,857 shares of the company’s stock worth $4,682,000 after purchasing an additional 3,200 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Procter & Gamble by 18.9% in the 1st quarter. RMR Wealth Builders now owns 11,109 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,769 shares during the period. Brookstone Capital Management boosted its stake in shares of Procter & Gamble by 0.6% during the 1st quarter. Brookstone Capital Management now owns 56,290 shares of the company’s stock valued at $9,133,000 after purchasing an additional 353 shares in the last quarter. Finally, Future Financial Wealth Managment LLC increased its position in shares of Procter & Gamble by 0.3% during the first quarter. Future Financial Wealth Managment LLC now owns 22,966 shares of the company’s stock valued at $3,726,000 after buying an additional 67 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective on the stock. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson increased their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, 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 transaction of $1,458,045.80. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,186 shares of company stock valued at $65,479,358 in the last quarter. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of PG stock opened at $169.58 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $171.88 and a 200-day moving average price of $167.45. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The firm has a market capitalization of $400.23 billion, a PE ratio of 27.71, a P/E/G ratio of 3.72 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 2.37%. Procter & Gamble’s dividend 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.