Infusive Asset Management Inc. Acquires 16,040 Shares of The Procter & Gamble Company (NYSE:PG)

Infusive Asset Management Inc. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 30.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,120 shares of the company’s stock after buying an additional 16,040 shares during the period. Procter & Gamble accounts for approximately 5.0% of Infusive Asset Management Inc.’s holdings, making the stock its 6th biggest position. Infusive Asset Management Inc.’s holdings in Procter & Gamble were worth $11,972,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC raised its stake in shares of Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after acquiring an additional 206 shares in the last quarter. Boston Partners grew its stake in Procter & Gamble by 2.8% during the first quarter. Boston Partners now owns 33,483 shares of the company’s stock worth $5,433,000 after buying an additional 902 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Procter & Gamble by 6.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 7,158 shares of the company’s stock valued at $1,161,000 after acquiring an additional 446 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Procter & Gamble by 48.2% during the first quarter. EverSource Wealth Advisors LLC now owns 10,700 shares of the company’s stock worth $1,746,000 after acquiring an additional 3,482 shares during the last quarter. Finally, OMC Financial Services LTD bought a new stake in shares of Procter & Gamble during the first quarter worth approximately $869,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. DA Davidson upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $209.00 in a research note on Monday. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Trading Up 0.0 %

Shares of NYSE PG opened at $179.36 on Friday. The firm’s 50 day moving average price is $170.37 and its 200-day moving average price is $168.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The company has a market cap of $422.40 billion, a PE ratio of 30.92, a P/E/G ratio of 3.86 and a beta of 0.42.

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 the consensus estimate of $1.90 by $0.03. The business 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%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. On average, equities research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.24%. Procter & Gamble’s payout ratio is 69.48%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 634 shares of the company’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 sale, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,233 shares of company stock valued at $6,024,234. 0.18% of the stock is currently owned by insiders.

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.