First Dallas Securities Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

First Dallas Securities Inc. acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,432 shares of the company’s stock, valued at approximately $477,000.

Several other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado grew its holdings in shares of The Procter & Gamble by 4.5% in the first quarter. Public Employees Retirement Association of Colorado now owns 472,285 shares of the company’s stock worth $51,951,000 after acquiring an additional 20,462 shares during the period. State Street Corp increased its holdings in The Procter & Gamble by 0.9% during the first quarter. State Street Corp now owns 118,284,669 shares of the company’s stock valued at $13,011,314,000 after buying an additional 1,086,517 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in The Procter & Gamble by 1.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,420,204 shares of the company’s stock worth $156,222,000 after acquiring an additional 22,986 shares during the period. APG Asset Management N.V. raised its position in The Procter & Gamble by 3.4% in the first quarter. APG Asset Management N.V. now owns 7,358,549 shares of the company’s stock worth $809,440,000 after acquiring an additional 244,532 shares during the period. Finally, Morgan Stanley boosted its stake in shares of The Procter & Gamble by 54.8% during the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock worth $2,297,142,000 after acquiring an additional 7,392,929 shares during the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

PG opened at $144.39 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The company has a fifty day moving average of $138.93 and a 200 day moving average of $125.52. The Procter & Gamble Company has a fifty-two week low of $94.34 and a fifty-two week high of $145.87.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

In other The Procter & Gamble news, CFO Jon R. Moeller sold 81,755 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.18, for a total transaction of $11,133,395.90. Also, VP Valarie L. Sheppard sold 4,688 shares of The Procter & Gamble stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total transaction of $648,256.64. Following the completion of the transaction, the vice president now directly owns 26,704 shares of the company’s stock, valued at $3,692,629.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,757 shares of company stock worth $36,738,374. Corporate insiders own 0.70% of the company’s stock.

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their target price on The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Barclays reaffirmed a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Jefferies Financial Group increased their target price on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a report on Monday, October 12th. SunTrust Banks lifted their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Finally, Berenberg Bank increased their price objective on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $137.87.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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