Heritage Investment Group Inc. Buys 531 Shares of The Procter & Gamble Company (NYSE:PG)

Heritage Investment Group Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,302 shares of the company’s stock after buying an additional 531 shares during the period. Heritage Investment Group Inc.’s holdings in Procter & Gamble were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PG. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at $29,000. POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth $34,000. Quest Partners LLC bought a new position in Procter & Gamble during the second quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Procter & Gamble in the second quarter valued at about $44,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 10,623 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $1,797,624.06. Following the completion of the transaction, the chief operating officer now owns 23,890 shares of the company’s stock, valued at $4,042,665.80. The trade was a 30.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The trade was a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,597 shares of company stock worth $53,268,499 in the last ninety days. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

NYSE:PG traded up $2.46 during mid-day trading on Friday, hitting $169.54. The stock had a trading volume of 9,939,416 shares, compared to its average volume of 6,676,794. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market cap of $399.27 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 3.60 and a beta of 0.42. The company’s 50 day simple moving average is $170.32 and its 200 day simple moving average is $168.33.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the previous year, the company posted $1.83 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, Stifel Nicolaus increased their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Company 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.