1,680 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Davidson Investment Advisors

Davidson Investment Advisors purchased a new position in shares of The Procter & Gamble Company (NYSE:PGFree Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,680 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Axiom Financial Strategies LLC boosted its position in shares of Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after purchasing an additional 113 shares in the last quarter. AMI Investment Management Inc. boosted its position in shares of Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management boosted its position in shares of Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC bought a new stake in shares of Procter & Gamble during the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its position in shares of Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares in the last quarter. 63.43% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

PG traded down $0.89 during midday trading on Friday, reaching $157.75. The company had a trading volume of 1,869,923 shares, compared to its average volume of 8,039,158. The company has a market cap of $371.19 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.25 and a beta of 0.45. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $149.95 and a two-hundred day moving average of $150.87. The Procter & Gamble Company has a 1 year low of $135.83 and a 1 year high of $159.83.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is presently 62.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PG shares. DZ Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a report on Friday, October 20th. Stifel Nicolaus boosted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Raymond James boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Sanford C. Bernstein decreased their price target on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating for the company in a research note on Thursday, October 12th. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $167.06.

Read Our Latest Research Report on Procter & Gamble

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the sale, the chief executive officer now directly owns 24,438 shares in the company, valued at $3,750,499.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 19,661 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now directly owns 24,438 shares in the company, valued at approximately $3,750,499.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last three months, insiders sold 278,658 shares of company stock valued at $42,921,732. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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