The Procter & Gamble Company (NYSE:PG) Shares Acquired by Catalina Capital Group LLC

Catalina Capital Group LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,457 shares of the company’s stock after purchasing an additional 1,024 shares during the period. Catalina Capital Group LLC’s holdings in Procter & Gamble were worth $1,984,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC boosted its stake in shares of Procter & Gamble by 0.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,989 shares of the company’s stock worth $2,769,000 after purchasing an additional 86 shares during the last quarter. Balentine LLC lifted its stake in shares of Procter & Gamble by 11.2% during the third quarter. Balentine LLC now owns 13,859 shares of the company’s stock valued at $2,400,000 after buying an additional 1,393 shares during the period. HMS Capital Management LLC grew its stake in Procter & Gamble by 1.6% in the 3rd quarter. HMS Capital Management LLC now owns 10,395 shares of the company’s stock worth $1,800,000 after acquiring an additional 165 shares during the period. Fiduciary Family Office LLC raised its holdings in Procter & Gamble by 71.6% in the 3rd quarter. Fiduciary Family Office LLC now owns 7,283 shares of the company’s stock valued at $1,262,000 after acquiring an additional 3,040 shares during the last quarter. Finally, Cornerstone Capital Inc. lifted its stake in shares of Procter & Gamble by 126.1% during the 3rd quarter. Cornerstone Capital Inc. now owns 49,525 shares of the company’s stock worth $8,578,000 after purchasing an additional 27,620 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PG shares. Stifel Nicolaus upped their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.00.

Insider Buying and Selling

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at $6,325,360. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were 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 in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,771 shares of company stock worth $65,610,975. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

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 current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $390.44 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.57 and a beta of 0.42. The company has a fifty day simple moving average of $171.45 and a 200 day simple moving average of $168.18.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s 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.