Parkside Financial Bank & Trust boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,372 shares of the company’s stock after buying an additional 1,375 shares during the period. Parkside Financial Bank & Trust’s holdings in Procter & Gamble were worth $1,539,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of PG. Krane Funds Advisors LLC purchased a new stake in Procter & Gamble during the 2nd quarter valued at $25,000. Lucia Wealth Services LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth $29,000. Camarda Financial Advisors LLC boosted its stake in shares of Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Selective Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the 3rd quarter worth $35,000. Finally, Dougherty Wealth Advisers LLC boosted its stake in shares of Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. 65.62% of the stock is owned by institutional investors.
PG has been the topic of a number of research reports. Macquarie raised their price target on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their price target on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. SunTrust Banks raised their price target on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Credit Suisse Group raised their price target on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $116.71.
In related news, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the transaction, the insider now owns 61,225 shares in the company, valued at $7,224,550. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of Procter & Gamble stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.05, for a total value of $16,712,928.75. The disclosure for this sale can be found here. Insiders sold 1,645,966 shares of company stock worth $202,229,770 over the last ninety days. Insiders own 1.75% of the company’s stock.
Shares of PG stock traded up $0.08 during trading hours on Friday, hitting $119.70. The stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. Procter & Gamble Co has a one year low of $86.74 and a one year high of $125.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The stock’s 50-day moving average price is $121.95 and its two-hundred day moving average price is $115.01. The stock has a market capitalization of $296.51 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The firm had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble Co will post 4.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.
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.
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