Cypress Capital Group Has $4.68 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Cypress Capital Group increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,009 shares of the company’s stock after purchasing an additional 988 shares during the period. Cypress Capital Group’s holdings in Procter & Gamble were worth $4,678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Intech Investment Management LLC increased its holdings in Procter & Gamble by 7.1% in the 3rd quarter. Intech Investment Management LLC now owns 238,565 shares of the company’s stock valued at $41,319,000 after buying an additional 15,840 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Procter & Gamble by 6.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 885,429 shares of the company’s stock valued at $153,356,000 after acquiring an additional 55,825 shares during the period. Cornerstone Advisors LLC lifted its stake in Procter & Gamble by 7.3% during the third quarter. Cornerstone Advisors LLC now owns 132,100 shares of the company’s stock worth $22,880,000 after purchasing an additional 9,000 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Procter & Gamble by 3.1% during the third quarter. Citizens Financial Group Inc. RI now owns 582,814 shares of the company’s stock valued at $100,943,000 after purchasing an additional 17,727 shares in the last quarter. Finally, Payden & Rygel grew its stake in shares of Procter & Gamble by 0.5% in the 3rd quarter. Payden & Rygel now owns 110,780 shares of the company’s stock valued at $19,187,000 after purchasing an additional 500 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.1 %

NYSE:PG opened at $170.92 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The stock’s fifty day simple moving average is $170.01 and its 200-day simple moving average is $168.51. The firm has a market capitalization of $402.52 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.69 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released 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. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s payout ratio is 69.48%.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 25.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,727 shares of company stock worth $29,694,037 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on PG shares. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Nine 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Company 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.