Sonata Capital Group Inc. Trims Position in The Procter & Gamble Company (NYSE:PG)

Sonata Capital Group Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,137 shares of the company’s stock after selling 84 shares during the quarter. Sonata Capital Group Inc.’s holdings in Procter & Gamble were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. increased its holdings in Procter & Gamble by 5.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock valued at $5,192,000 after buying an additional 1,657 shares in the last quarter. Quent Capital LLC grew its holdings in Procter & Gamble by 2.0% in the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after purchasing an additional 206 shares during the period. Commonwealth Retirement Investments LLC increased its position in shares of Procter & Gamble by 1.9% in the first quarter. Commonwealth Retirement Investments LLC now owns 27,099 shares of the company’s stock valued at $4,397,000 after buying an additional 496 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Procter & Gamble by 2.0% during the 1st quarter. DAVENPORT & Co LLC now owns 152,378 shares of the company’s stock valued at $24,723,000 after buying an additional 2,996 shares in the last quarter. Finally, Keener Financial Planning LLC grew its stake in Procter & Gamble by 12.0% in the 1st quarter. Keener Financial Planning LLC now owns 661 shares of the company’s stock valued at $108,000 after acquiring an additional 71 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.7 %

PG traded up $2.83 during trading hours on Friday, reaching $166.24. The company’s stock had a trading volume of 1,427,193 shares, compared to its average volume of 6,637,094. The business’s 50-day moving average is $171.29 and its 200-day moving average is $168.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a market cap of $391.50 billion, a PE ratio of 28.17, a P/E/G ratio of 3.57 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling

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 Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 450 shares of the company’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 sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,597 shares of company stock valued at $53,268,499. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PG. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus raised their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

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.