Borer Denton & Associates Inc. Sells 75 Shares of The Procter & Gamble Company (NYSE:PG)

Borer Denton & Associates Inc. trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,113 shares of the company’s stock after selling 75 shares during the quarter. Borer Denton & Associates Inc.’s holdings in Procter & Gamble were worth $886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alpha DNA Investment Management LLC boosted its holdings in shares of Procter & Gamble by 101.8% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 11,942 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,023 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Procter & Gamble by 14.8% in the third quarter. Larson Financial Group LLC now owns 15,016 shares of the company’s stock worth $2,601,000 after buying an additional 1,934 shares in the last quarter. Okabena Investment Services Inc. bought a new position in Procter & Gamble during the third quarter valued at approximately $207,000. Lane & Associates LLC grew its holdings in Procter & Gamble by 3.3% during the 3rd quarter. Lane & Associates LLC now owns 14,099 shares of the company’s stock valued at $2,442,000 after buying an additional 454 shares in the last quarter. Finally, Truepoint Inc. increased its stake in Procter & Gamble by 3.8% in the 3rd quarter. Truepoint Inc. now owns 122,878 shares of the company’s stock worth $21,283,000 after acquiring an additional 4,516 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. 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 report on Thursday, September 19th. Morgan Stanley boosted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Procter & Gamble in a research note on Wednesday. Nine equities research 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. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $178.00.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.40, for a total value of $14,991,621.60. Following the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $51,252,400.80. The trade was a 22.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,693 shares of company stock valued at $27,311,345 over the last three months. 0.18% of the stock is owned by company insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $176.28 on Friday. The stock has a market cap of $415.15 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. The firm has a 50-day moving average of $170.04 and a two-hundred day moving average of $168.64. 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 announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for 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%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.28%. 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.