Procter & Gamble Company (The) $PG Shares Bought by Diversified Trust Co

Diversified Trust Co grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 20.0% during the third quarter, HoldingsChannel.com reports. The fund owned 66,520 shares of the company’s stock after purchasing an additional 11,100 shares during the quarter. Diversified Trust Co’s holdings in Procter & Gamble were worth $9,664,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vista Capital Partners Inc. acquired a new stake in Procter & Gamble in the 3rd quarter valued at $318,000. McElhenny Sheffield Capital Management LLC purchased a new position in Procter & Gamble in the third quarter valued at about $277,000. Financial Freedom LLC lifted its stake in shares of Procter & Gamble by 17.9% during the third quarter. Financial Freedom LLC now owns 44,757 shares of the company’s stock worth $6,502,000 after purchasing an additional 6,786 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of Procter & Gamble by 1.9% during the third quarter. Moors & Cabot Inc. now owns 109,901 shares of the company’s stock worth $15,966,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its position in shares of Procter & Gamble by 1.3% in the third quarter. Valmark Advisers Inc. now owns 66,570 shares of the company’s stock worth $9,671,000 after buying an additional 846 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PG shares. DZ Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Deutsche Bank reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Piper Sandler upped their price target on Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Barclays increased their price objective on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Finally, Freedom Broker upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research note on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Stock Up 1.1%

Shares of Procter & Gamble stock opened at $169.84 on Friday. The business has a 50-day moving average of $154.26 and a 200-day moving average of $149.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The company has a market capitalization of $393.65 billion, a PE ratio of 25.58, a P/E/G ratio of 4.13 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.73.

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

Procter & Gamble Dividend Announcement

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $5,184,413.00. Following the transaction, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at $11,089,442. This represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Victor Aguilar sold 18,812 shares of the company’s 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 completion of the transaction, the insider directly owned 55,243 shares in the company, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 200,006 shares of company stock worth $32,715,058 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Procter & Gamble News Summary

Here’s some of the latest news about PG:

• Positive Sentiment: Investors continue to see P&G as a potential source of reliable income: the company has raised its dividend for 70 consecutive years and recently declared a quarterly payout of $1.0885 per share. Its established consumer brands and steady cash generation support that appeal. Article: P&G 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

Procter & Gamble Profile

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.