Apollon Financial LLC Purchases 431 Shares of The Procter & Gamble Company (NYSE:PG)

Apollon Financial LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 32.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,764 shares of the company’s stock after buying an additional 431 shares during the period. Apollon Financial LLC’s holdings in Procter & Gamble were worth $306,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PG. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Procter & Gamble by 305.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 22,925 shares of the company’s stock valued at $3,970,000 after acquiring an additional 17,275 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in shares of Procter & Gamble during the third quarter worth about $296,000. Patron Partners LLC raised its position in Procter & Gamble by 0.6% in the 3rd quarter. Patron Partners LLC now owns 18,037 shares of the company’s stock valued at $3,124,000 after buying an additional 101 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Procter & Gamble by 43.8% in the 3rd quarter. GSA Capital Partners LLP now owns 5,171 shares of the company’s stock valued at $896,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Procter & Gamble by 4.7% during the 3rd quarter. Harbour Investments Inc. now owns 212,468 shares of the company’s stock worth $36,800,000 after acquiring an additional 9,441 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $5,380,688.34. Following the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Jon R. Moeller sold 31,797 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the sale, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,597 shares of company stock worth $53,268,499. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research report on Monday, September 30th. Stifel Nicolaus raised their target price 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. Finally, Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $166.08 on Tuesday. The business has a fifty day moving average price of $170.97 and a two-hundred day moving average price of $168.26. The stock has a market capitalization of $391.13 billion, a PE ratio of 28.63, a P/E/G ratio of 3.63 and a beta of 0.42. 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 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 posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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 paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.31%.

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.