Reston Wealth Management LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Reston Wealth Management LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,048 shares of the company’s stock, valued at approximately $181,000.

Several other large investors have also added to or reduced their stakes in the stock. O ROURKE & COMPANY Inc boosted its stake in Procter & Gamble by 3.6% during the third quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the company’s stock valued at $978,000 after buying an additional 198 shares during the period. Cordatus Wealth Management LLC raised its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. Cordatus Wealth Management LLC now owns 25,864 shares of the company’s stock valued at $4,479,000 after acquiring an additional 110 shares in the last quarter. United Asset Strategies Inc. boosted its position in shares of Procter & Gamble by 0.9% during the 3rd quarter. United Asset Strategies Inc. now owns 18,400 shares of the company’s stock valued at $3,187,000 after acquiring an additional 161 shares during the last quarter. Whelan Financial raised its stake in Procter & Gamble by 3.0% in the third quarter. Whelan Financial now owns 2,651 shares of the company’s stock valued at $459,000 after purchasing an additional 78 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in Procter & Gamble by 2.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,042 shares of the company’s stock worth $527,000 after buying an additional 81 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 389,144 shares of company stock valued at $66,184,385. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PG shares. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. DA Davidson increased their price objective on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Down 0.6 %

Shares of Procter & Gamble stock opened at $165.18 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a market cap of $389.01 billion, a P/E ratio of 28.48, a PEG ratio of 3.59 and a beta of 0.41. The company’s fifty day simple moving average is $171.70 and its two-hundred day simple moving average is $167.84.

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

Procter & Gamble Dividend Announcement

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 paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.44%. Procter & Gamble’s payout ratio is 69.48%.

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.