Callahan Advisors LLC Has $16.09 Million Position in The Procter & Gamble Company (NYSE:PG)

Callahan Advisors LLC increased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 92,920 shares of the company’s stock after buying an additional 771 shares during the quarter. Procter & Gamble comprises approximately 1.6% of Callahan Advisors LLC’s portfolio, making the stock its 21st largest holding. Callahan Advisors LLC’s holdings in Procter & Gamble were worth $16,094,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PG. China Universal Asset Management Co. Ltd. increased its holdings in shares of Procter & Gamble by 5.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after buying an additional 1,657 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after buying an additional 206 shares in the last quarter. Graypoint LLC increased its holdings in shares of Procter & Gamble by 1.0% during the first quarter. Graypoint LLC now owns 26,195 shares of the company’s stock worth $4,250,000 after buying an additional 263 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Procter & Gamble by 5.1% during the first quarter. Daiwa Securities Group Inc. now owns 329,249 shares of the company’s stock worth $53,420,000 after buying an additional 15,840 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of Procter & Gamble by 4.5% during the first quarter. FinTrust Capital Advisors LLC now owns 14,118 shares of the company’s stock worth $2,291,000 after buying an additional 603 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated 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 transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,771 shares of company stock worth $65,610,975 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PG shares. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Stifel Nicolaus increased 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. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley increased their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE PG opened at $165.79 on Wednesday. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. 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’s fifty day moving average is $171.45 and its 200-day moving average is $168.18. The stock has a market cap of $390.44 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 3.57 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the business posted $1.83 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued 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 2.43%. Procter & Gamble’s payout ratio is 69.48%.

Procter & Gamble Company 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.