Blue Square Asset Management LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Blue Square Asset Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,112 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Blue Square Asset Management LLC’s holdings in Procter & Gamble were worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PG. China Universal Asset Management Co. Ltd. lifted its position in shares of Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares during the period. KFA Private Wealth Group LLC lifted its position in shares of Procter & Gamble by 3.7% in the 1st quarter. KFA Private Wealth Group LLC now owns 3,115 shares of the company’s stock worth $505,000 after purchasing an additional 111 shares during the period. Connecticut Wealth Management LLC raised its stake in shares of Procter & Gamble by 1.7% during the 1st quarter. Connecticut Wealth Management LLC now owns 16,874 shares of the company’s stock worth $2,738,000 after acquiring an additional 275 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Procter & Gamble by 6.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 21,746 shares of the company’s stock worth $3,528,000 after acquiring an additional 1,408 shares in the last quarter. Finally, StoneX Group Inc. raised its stake in shares of Procter & Gamble by 14.0% during the 1st quarter. StoneX Group Inc. now owns 32,097 shares of the company’s stock worth $5,208,000 after acquiring an additional 3,938 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was 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 directly owns 13,072 shares of the company’s stock, 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 this hyperlink. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. 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 this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,771 shares of company stock valued at $65,610,975. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. 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. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Stock Performance

NYSE PG opened at $165.10 on Monday. The company has a market cap of $388.82 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The stock’s 50 day simple moving average is $171.62 and its 200-day simple moving average is $168.07. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share 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 for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the business posted $1.83 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

About Procter & Gamble

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.