Mach 1 Financial Group LLC Purchases 97 Shares of The Procter & Gamble Company (NYSE:PG)

Mach 1 Financial Group LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,912 shares of the company’s stock after acquiring an additional 97 shares during the period. Mach 1 Financial Group LLC’s holdings in Procter & Gamble were worth $504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in shares of Procter & Gamble during the second quarter valued at $29,000. POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble during the second quarter worth $34,000. Quest Partners LLC bought a new stake in shares of Procter & Gamble in the second quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of Procter & Gamble 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 owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 31,797 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 2.6 %

Procter & Gamble stock opened at $167.71 on Friday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week 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 firm’s 50-day simple moving average is $171.08 and its 200 day simple moving average is $168.15. The stock has a market cap of $394.96 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 69.31%.

Analysts Set New Price Targets

A number of research firms have commented on PG. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. TD Cowen initiated coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research note on Monday, September 30th. 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 report on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble 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.