Gideon Capital Advisors Inc. purchased a new position in Procter & Gamble Co (NYSE:PG) in the 2nd quarter, Holdings Channel reports. The firm purchased 20,799 shares of the company’s stock, valued at approximately $1,624,000. Procter & Gamble accounts for about 0.8% of Gideon Capital Advisors Inc.’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also bought and sold shares of PG. Twin Tree Management LP bought a new stake in Procter & Gamble during the first quarter valued at about $144,000. Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble during the second quarter valued at about $149,000. Clearwater Capital Advisors LLC bought a new stake in Procter & Gamble during the first quarter valued at about $154,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after purchasing an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in Procter & Gamble during the first quarter valued at about $170,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

In other news, insider Carolyn M. Tastad sold 4,181 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $349,197.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kathleen B. Fish sold 599 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total value of $50,004.52. Following the completion of the sale, the insider now owns 38,655 shares in the company, valued at $3,226,919.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 494,352 shares of company stock worth $44,961,608. Company insiders own 1.84% of the company’s stock.

A number of equities analysts have recently weighed in on PG shares. Wells Fargo & Co upped their price objective on Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $82.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, October 17th. SunTrust Banks boosted their target price on Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Jefferies Financial Group downgraded Procter & Gamble to a “hold” rating and set a $79.00 target price on the stock. in a research report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 target price on shares of Procter & Gamble in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $88.38.

Shares of NYSE PG opened at $93.83 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.90. The company has a market capitalization of $233.70 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a $0.7172 dividend. The ex-dividend date was Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.06%. Procter & Gamble’s payout ratio is 68.01%.

ILLEGAL ACTIVITY NOTICE: “Gideon Capital Advisors Inc. Invests $1.62 Million in Procter & Gamble Co (PG)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2018/11/16/gideon-capital-advisors-inc-invests-1-62-million-in-procter-gamble-co-pg.html.

Procter & Gamble Company 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.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.