1,381 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. bought a new stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,381 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Palumbo Wealth Management LLC raised its stake in Procter & Gamble by 16.3% during the 3rd quarter. Palumbo Wealth Management LLC now owns 10,327 shares of the company’s stock valued at $1,789,000 after buying an additional 1,444 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Procter & Gamble by 1.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 17,283 shares of the company’s stock worth $2,993,000 after purchasing an additional 303 shares during the period. Tevis Investment Management increased its holdings in Procter & Gamble by 0.8% during the third quarter. Tevis Investment Management now owns 11,568 shares of the company’s stock valued at $2,004,000 after buying an additional 94 shares during the last quarter. Goldstone Financial Group LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $1,167,000. Finally, Voisard Asset Management Group Inc. raised its holdings in Procter & Gamble by 20.2% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 1,170 shares of the company’s stock worth $203,000 after purchasing an additional 197 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 389,144 shares of company stock valued at $66,184,385 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

View Our Latest Stock Analysis on PG

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.49 during trading on Thursday, reaching $166.65. 465,579 shares of the company’s stock traded hands, compared to its average volume of 6,625,517. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The firm has a market cap of $392.47 billion, a PE ratio of 28.67, a P/E/G ratio of 3.64 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $171.80 and a 200-day simple moving average of $167.86.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping 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 company 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 business earned $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 annualized dividend and a yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Procter & Gamble Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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