Northside Capital Management LLC Increases Stock Position in Procter & Gamble Co (NYSE:PG)

Northside Capital Management LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 27.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,753 shares of the company’s stock after purchasing an additional 2,940 shares during the period. Procter & Gamble comprises 0.6% of Northside Capital Management LLC’s holdings, making the stock its 22nd biggest position. Northside Capital Management LLC’s holdings in Procter & Gamble were worth $1,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PG. D Orazio & Associates Inc. lifted its position in Procter & Gamble by 3.2% during the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after acquiring an additional 98 shares during the last quarter. NEXT Financial Group Inc lifted its position in Procter & Gamble by 104.5% during the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after acquiring an additional 12,038 shares during the last quarter. Homrich & Berg lifted its position in Procter & Gamble by 1.1% during the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares during the last quarter. Bellecapital International Ltd. lifted its position in Procter & Gamble by 19.0% during the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares during the last quarter. Finally, First National Bank of South Miami lifted its position in Procter & Gamble by 5.1% during the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after acquiring an additional 340 shares during the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

PG has been the subject of a number of analyst reports. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Deutsche Bank increased their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $108.95.

In other news, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.05, for a total value of $16,712,928.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 87,643 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $119.32, for a total transaction of $10,457,562.76. The disclosure for this sale can be found here. Insiders sold 448,674 shares of company stock worth $53,197,461 in the last quarter. Company insiders own 1.75% of the company’s stock.

Procter & Gamble stock traded down $0.35 during mid-day trading on Friday, reaching $121.59. 2,989,362 shares of the company traded hands, compared to its average volume of 6,660,306. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a fifty-two week low of $78.49 and a fifty-two week high of $125.36. The company has a market capitalization of $302.64 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42. The firm’s fifty day moving average is $121.79 and its two-hundred day moving average is $112.57.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same quarter in the prior year, the business posted $0.94 EPS. Procter & Gamble’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble Co will post 4.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is currently 65.93%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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