Peak Financial Management Inc. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 2,561 shares of the company’s stock after acquiring an additional 107 shares during the quarter. Peak Financial Management Inc.’s holdings in Procter & Gamble were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in PG. Wulff Hansen & CO. boosted its position in shares of Procter & Gamble by 16,292.0% during the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after acquiring an additional 3,653,477 shares in the last quarter. TD Asset Management Inc lifted its stake in Procter & Gamble by 114.9% in the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after purchasing an additional 1,907,716 shares during the last quarter. AMF Tjanstepension AB lifted its stake in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Swedbank AB bought a new position in Procter & Gamble in the 1st quarter valued at approximately $233,788,000. Finally, Ilex Capital Partners UK LLP bought a new position in Procter & Gamble in the 1st quarter valued at approximately $228,212,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Analyst Upgrades and Downgrades
PG has been the subject of several research reports. Evercore ISI increased their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.21.
Procter & Gamble Stock Up 0.6 %
PG traded up $1.06 during midday trading on Tuesday, hitting $173.57. The company had a trading volume of 6,973,559 shares, compared to its average volume of 6,684,525. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $409.65 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.67 and a beta of 0.41. The stock’s 50 day moving average price is $171.57 and its 200 day moving average price is $166.88.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.
Insider Buying and Selling
In related news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is owned by insiders.
Procter & Gamble Profile
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.
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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
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