Procter & Gamble Company (The) $PG Stake Increased by Phoenix Financial Ltd.

Phoenix Financial Ltd. lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 23.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,294 shares of the company’s stock after purchasing an additional 7,975 shares during the quarter. Phoenix Financial Ltd.’s holdings in Procter & Gamble were worth $6,148,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. R.H. Investment Group LLC boosted its stake in Procter & Gamble by 2.3% during the third quarter. R.H. Investment Group LLC now owns 26,682 shares of the company’s stock worth $3,876,000 after acquiring an additional 596 shares in the last quarter. Rasp Wealth Solutions LLC raised its holdings in shares of Procter & Gamble by 19.1% during the third quarter. Rasp Wealth Solutions LLC now owns 4,332 shares of the company’s stock valued at $629,000 after purchasing an additional 695 shares during the period. Cornerstone Advisory LLC boosted its position in shares of Procter & Gamble by 2.5% during the 3rd quarter. Cornerstone Advisory LLC now owns 12,634 shares of the company’s stock worth $1,836,000 after purchasing an additional 314 shares in the last quarter. Wellington Grp LLC boosted its position in shares of Procter & Gamble by 32.7% during the 3rd quarter. Wellington Grp LLC now owns 11,229 shares of the company’s stock worth $1,631,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Purkiss Capital Advisors LLC boosted its position in shares of Procter & Gamble by 4.2% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 7,508 shares of the company’s stock worth $1,091,000 after purchasing an additional 300 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Key Procter & Gamble News

Investors following PG have been watching these news items:

• Positive Sentiment: P&G’s latest quarter beat expectations: earnings were $2.00 per share versus $1.89 expected, and revenue was $23.28 billion versus $22.80 billion expected, up 4% year over year. The results have helped lift shares toward a 52-week high. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: Recent valuation coverage asks whether P&G’s current market value is justified by its expected cash flows and how its valuation compares with rivals. This may make valuation more salient after the stock’s recent gains, but the available article summaries do not provide a specific fair-value estimate. Article: Is Procter & Gamble Stock Worth More Than Its Rivals?
• Negative Sentiment: Higher oil prices and shrinking margins are cited as risks to the rally, potentially offsetting volume-led growth. Investors will look for management’s strategy and outlook at its upcoming Investor Day. Article: P&G Dividend and Price Target

Insider Buying and Selling

In related news, insider Victor Aguilar sold 18,812 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $164.43, for a total value of $3,093,257.16. Following the sale, the insider owned 55,243 shares of the company’s stock, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $169.00, for a total value of $5,184,413.00. Following the completion of the transaction, the chief financial officer owned 65,618 shares in the company, valued at approximately $11,089,442. The trade was a 31.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 200,006 shares of company stock worth $32,715,058 in the last three months. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PG. Morgan Stanley boosted their price objective on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target for the company in a research report on Tuesday, October 6th. Citigroup lifted their price target on shares of Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. DZ Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Finally, Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

Check Out Our Latest Stock Report on Procter & Gamble

Procter & Gamble Stock Performance

PG traded up $1.81 during trading on Friday, hitting $169.84. 6,941,459 shares of the company traded hands, compared to its average volume of 10,402,722. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.73. The stock’s fifty day moving average is $154.26 and its 200 day moving average is $149.93. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market cap of $393.65 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 4.13 and a beta of 0.36.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 earnings per share. As a group, equities analysts predict that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.

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