Mission Creek Capital Partners Inc. Cuts Position in The Procter & Gamble Company (NYSE:PG)

Mission Creek Capital Partners Inc. trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,948 shares of the company’s stock after selling 778 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Procter & Gamble were worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. IHT Wealth Management LLC boosted its stake in shares of Procter & Gamble by 38.9% during the 3rd quarter. IHT Wealth Management LLC now owns 79,384 shares of the company’s stock worth $13,740,000 after purchasing an additional 22,230 shares during the period. Investmark Advisory Group LLC lifted its stake in Procter & Gamble by 1.6% in the third quarter. Investmark Advisory Group LLC now owns 26,237 shares of the company’s stock worth $4,544,000 after purchasing an additional 405 shares during the last quarter. Investment Management Corp of Ontario boosted its position in shares of Procter & Gamble by 26.9% during the third quarter. Investment Management Corp of Ontario now owns 122,045 shares of the company’s stock valued at $21,138,000 after buying an additional 25,900 shares during the period. Itau Unibanco Holding S.A. grew its stake in shares of Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after buying an additional 233 shares during the last quarter. Finally, Harmony Asset Management LLC raised its holdings in shares of Procter & Gamble by 37.3% in the third quarter. Harmony Asset Management LLC now owns 3,297 shares of the company’s stock worth $571,000 after buying an additional 895 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 2.4 %

NYSE PG opened at $175.42 on Wednesday. The firm’s fifty day moving average is $170.64 and its two-hundred day moving average is $169.25. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. 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 firm has a market cap of $413.12 billion, a PE ratio of 30.24, a P/E/G ratio of 3.87 and a beta of 0.44.

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, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the firm posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.31%.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,080 shares of company stock worth $14,629,038. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. 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 research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

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.