Naviter Wealth LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Naviter Wealth LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 2.5% during the third quarter, Holdings Channel reports. The fund owned 19,235 shares of the company’s stock after buying an additional 470 shares during the period. Naviter Wealth LLC’s holdings in Procter & Gamble were worth $3,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Hengehold Capital Management LLC lifted its position in shares of Procter & Gamble by 2.6% during the 3rd quarter. Hengehold Capital Management LLC now owns 376,097 shares of the company’s stock valued at $65,140,000 after buying an additional 9,626 shares during the last quarter. Mayport LLC purchased a new stake in Procter & Gamble during the third quarter valued at about $210,000. Kowal Investment Group LLC boosted its position in Procter & Gamble by 1.8% during the third quarter. Kowal Investment Group LLC now owns 16,136 shares of the company’s stock worth $2,795,000 after purchasing an additional 286 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Procter & Gamble by 2.5% in the third quarter. Cornerstone Wealth Management LLC now owns 99,559 shares of the company’s stock worth $17,244,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Culbertson A N & Co. Inc. raised its position in shares of Procter & Gamble by 0.8% in the third quarter. Culbertson A N & Co. Inc. now owns 63,446 shares of the company’s stock valued at $10,989,000 after purchasing an additional 507 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on PG shares. DA Davidson reiterated a “neutral” rating and issued a $159.00 price objective on shares of Procter & Gamble in a research note on Tuesday. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI raised their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Royal Bank of Canada upped their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.21.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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 directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 0.0 %

NYSE:PG traded down $0.01 during trading hours on Thursday, reaching $172.37. 716,264 shares of the company traded hands, compared to its average volume of 6,652,997. The business’s 50-day moving average price is $171.72 and its two-hundred day moving average price is $167.00. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $406.82 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

About Procter & Gamble

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.