8,034 Procter & Gamble Company (The) $PG Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 27.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,415 shares of the company’s stock after purchasing an additional 8,034 shares during the period. Procter & Gamble accounts for approximately 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 17th biggest holding. Machina Capital S.A.S.’s holdings in Procter & Gamble were worth $5,436,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in Procter & Gamble during the 2nd quarter worth $26,000. Montgomery Financial Services LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at about $28,000. Paladin Partners LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. Evergreen Advisors LLC acquired a new position in shares of Procter & Gamble in the first quarter valued at about $37,000. Finally, Toews Corp ADV acquired a new position in shares of Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BNP Paribas Exane raised their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Morgan Stanley increased their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. HSBC cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the stock from $182.00 to $149.00 in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Finally, Citigroup lifted their price target on shares of Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Insider Buying and Selling

In other news, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00. Following the completion of the sale, the chief financial officer owned 65,618 shares of the company’s stock, valued at approximately $10,826,970. This represents a 33.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Aguilar sold 18,812 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the sale, the insider owned 55,243 shares in the company, valued at $9,083,606.49. This represents a 25.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 197,756 shares of company stock worth $32,336,001. 0.23% of the stock is owned by company insiders.

Procter & Gamble Stock Down 0.5%

Shares of NYSE PG opened at $167.79 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $170.52. The stock has a market capitalization of $388.91 billion, a P/E ratio of 25.27, a PEG ratio of 4.15 and a beta of 0.36. The stock’s fifty day moving average is $153.39 and its 200 day moving average is $149.73.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter in the previous year, the firm earned $1.99 earnings per share. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

About Procter & Gamble

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.