Certified Advisory Corp Purchases 1,397 Shares of The Procter & Gamble Company (NYSE:PG)

Certified Advisory Corp increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 33.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,634 shares of the company’s stock after acquiring an additional 1,397 shares during the period. Certified Advisory Corp’s holdings in Procter & Gamble were worth $976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. raised its holdings in shares of Procter & Gamble by 5.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock valued at $5,192,000 after buying an additional 1,657 shares during the last quarter. Quent Capital LLC increased its position in Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after acquiring an additional 206 shares in the last quarter. Transcendent Capital Group LLC raised its stake in shares of Procter & Gamble by 94.8% in the first quarter. Transcendent Capital Group LLC now owns 411 shares of the company’s stock worth $67,000 after acquiring an additional 200 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of Procter & Gamble during the first quarter worth approximately $211,000. Finally, Lavaca Capital LLC grew its stake in shares of Procter & Gamble by 17.2% during the first quarter. Lavaca Capital LLC now owns 4,006 shares of the company’s stock valued at $650,000 after purchasing an additional 589 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 2.0 %

Shares of Procter & Gamble stock opened at $176.28 on Friday. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. 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 company has a market capitalization of $415.15 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. The business has a 50-day moving average of $170.04 and a two-hundred day moving average of $168.64.

Procter & Gamble (NYSE:PG) last posted its 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. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the business earned $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson reiterated a “neutral” rating and issued a $160.00 price objective on shares of Procter & Gamble in a research report on Wednesday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,693 shares of company stock worth $27,311,345. Corporate insiders own 0.18% of the company’s stock.

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.