Glass Wealth Management Co LLC Reduces Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Glass Wealth Management Co LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,116 shares of the company’s stock after selling 395 shares during the period. Procter & Gamble makes up about 1.6% of Glass Wealth Management Co LLC’s holdings, making the stock its 22nd biggest holding. Glass Wealth Management Co LLC’s holdings in Procter & Gamble were worth $2,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in shares of Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares during the last quarter. Quent Capital LLC increased its holdings in Procter & Gamble by 2.0% in the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after buying an additional 206 shares during the last quarter. PYA Waltman Capital LLC raised its stake in Procter & Gamble by 2.1% during the first quarter. PYA Waltman Capital LLC now owns 15,002 shares of the company’s stock valued at $2,434,000 after buying an additional 308 shares in the last quarter. Hilltop Partners LLC lifted its holdings in Procter & Gamble by 20.2% during the 1st quarter. Hilltop Partners LLC now owns 8,744 shares of the company’s stock worth $1,419,000 after buying an additional 1,470 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC grew its position in shares of Procter & Gamble by 102.2% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 986,900 shares of the company’s stock worth $160,125,000 after acquiring an additional 498,900 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at $6,325,360. This represents a 25.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Up 1.5 %

Shares of NYSE:PG opened at $169.54 on Monday. The company has a 50 day moving average of $170.32 and a 200-day moving average of $168.40. 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 firm has a market cap of $399.27 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last released 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. 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 the consensus estimate of $21.99 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PG shares. Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

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.