Stonebrook Private Inc. Has $657,000 Stake in The Procter & Gamble Company (NYSE:PG)

Stonebrook Private Inc. trimmed its position in The Procter & Gamble Company (NYSE:PG) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,795 shares of the company’s stock after selling 294 shares during the period. Stonebrook Private Inc.’s holdings in Procter & Gamble were worth $657,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the second quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the second quarter worth about $29,000. POM Investment Strategies LLC bought a new stake in Procter & Gamble during the second quarter worth about $34,000. Quest Partners LLC bought a new stake in Procter & Gamble during the second quarter worth about $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Procter & Gamble during the second quarter worth about $44,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. This trade represents a 25.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon R. Moeller sold 87,979 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the transaction, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $51,252,400.80. This represents a 22.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,693 shares of company stock worth $27,311,345 in the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. Wells Fargo & Company boosted their price target on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Procter & Gamble Stock Up 2.0 %

Shares of NYSE:PG opened at $176.26 on Friday. The firm has a market cap of $415.10 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.74 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.75 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 business has a fifty day simple moving average of $170.04 and a 200 day simple moving average of $168.62.

Procter & Gamble (NYSE:PG) last issued its quarterly 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 last year, the business posted $1.83 EPS. The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.28%. Procter & Gamble’s dividend payout ratio is presently 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.