Sonata Capital Group Inc. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Sonata Capital Group Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,137 shares of the company’s stock after selling 84 shares during the period. Sonata Capital Group Inc.’s holdings in Procter & Gamble were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC purchased a new stake in Procter & Gamble during the second quarter worth approximately $29,000. Ruedi Wealth Management Inc. boosted its holdings in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the second quarter valued at approximately $34,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble during the second quarter worth approximately $36,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at approximately $44,508,763.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $5,380,688.34. Following the sale, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

NYSE PG traded up $2.83 on Friday, hitting $166.24. 1,427,193 shares of the company’s stock were exchanged, compared to its average volume of 6,637,094. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm’s 50-day moving average price is $171.29 and its two-hundred day moving average price is $168.13. The firm has a market cap of $391.50 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.57 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (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 firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. DA Davidson raised their price objective on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. TD Cowen started coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Stifel Nicolaus raised their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently 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.