Private Asset Management Inc. raised its position in shares of Procter & Gamble Co. (NYSE:PG) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,440 shares of the company’s stock after buying an additional 2,039 shares during the period. Private Asset Management Inc.’s holdings in Procter & Gamble Co. were worth $7,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Burke & Herbert Bank & Trust Co. raised its position in shares of Procter & Gamble Co. by 1.1% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 16,274 shares of the company’s stock worth $1,460,000 after buying an additional 179 shares during the last quarter. LifePlan Financial Group Inc raised its position in shares of Procter & Gamble Co. by 2.0% in the third quarter. LifePlan Financial Group Inc now owns 18,793 shares of the company’s stock worth $1,687,000 after buying an additional 370 shares during the last quarter. New England Research & Management Inc. raised its position in shares of Procter & Gamble Co. by 12.6% in the third quarter. New England Research & Management Inc. now owns 13,826 shares of the company’s stock worth $1,241,000 after buying an additional 1,546 shares during the last quarter. Boltwood Capital Management raised its position in shares of Procter & Gamble Co. by 1.1% in the third quarter. Boltwood Capital Management now owns 31,748 shares of the company’s stock worth $2,849,000 after buying an additional 350 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its position in shares of Procter & Gamble Co. by 25.0% in the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 33,070 shares of the company’s stock worth $2,968,000 after buying an additional 6,617 shares during the last quarter. Hedge funds and other institutional investors own 59.51% of the company’s stock.

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

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.94% during midday trading on Friday, reaching $83.46. The company’s stock had a trading volume of 3,883,098 shares. The company’s 50-day moving average price is $85.71 and its 200 day moving average price is $85.39. The firm has a market capitalization of $223.34 billion, a PE ratio of 22.26 and a beta of 0.62. Procter & Gamble Co. has a 1-year low of $74.46 and a 1-year high of $90.33.

Procter & Gamble Co. (NYSE:PG) last issued its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities research analysts forecast that Procter & Gamble Co. will post $3.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 21st were issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is 71.66%.

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Several research firms have recently commented on PG. JPMorgan Chase & Co. set a $99.00 price target on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Zacks Investment Research upgraded Procter & Gamble Co. from a “sell” rating to a “hold” rating and set a $98.00 price target on the stock in a report on Friday, October 14th. Citigroup Inc. lifted their price target on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Vetr lowered Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $92.75 price target on the stock. in a report on Monday, October 10th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $91.55.

In related news, insider Juan Fernando Posada sold 10,000 shares of Procter & Gamble Co. stock in a transaction on Monday, September 19th. The stock was sold at an average price of $88.58, for a total value of $885,800.00. Following the transaction, the insider now directly owns 26,452 shares in the company, valued at approximately $2,343,118.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Price Matthew sold 3,081 shares of Procter & Gamble Co. stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total value of $267,738.90. Following the completion of the transaction, the insider now owns 14,962 shares in the company, valued at $1,300,197.80. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

5 Day Chart for NYSE:PG

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