Stack Financial Management Inc Sells 884 Shares of Procter & Gamble Co (NYSE:PG)

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Stack Financial Management Inc cut its holdings in Procter & Gamble Co (NYSE:PG) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,040 shares of the company’s stock after selling 884 shares during the period. Stack Financial Management Inc’s holdings in Procter & Gamble were worth $11,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dowling & Yahnke LLC lifted its stake in Procter & Gamble by 0.4% in the 3rd quarter. Dowling & Yahnke LLC now owns 70,080 shares of the company’s stock worth $8,717,000 after purchasing an additional 283 shares in the last quarter. BKD Wealth Advisors LLC lifted its stake in Procter & Gamble by 7.0% in the 3rd quarter. BKD Wealth Advisors LLC now owns 45,752 shares of the company’s stock worth $5,691,000 after purchasing an additional 2,978 shares in the last quarter. Claro Advisors LLC lifted its stake in Procter & Gamble by 1.4% in the 3rd quarter. Claro Advisors LLC now owns 11,429 shares of the company’s stock worth $1,422,000 after purchasing an additional 155 shares in the last quarter. Chicago Capital LLC lifted its stake in Procter & Gamble by 1.1% in the 3rd quarter. Chicago Capital LLC now owns 36,331 shares of the company’s stock worth $4,519,000 after purchasing an additional 400 shares in the last quarter. Finally, Professional Advisory Services Inc. lifted its stake in Procter & Gamble by 0.9% in the 3rd quarter. Professional Advisory Services Inc. now owns 11,888 shares of the company’s stock worth $1,479,000 after purchasing an additional 105 shares in the last quarter. 65.48% of the stock is owned by institutional investors.

Several analysts have issued reports on PG shares. UBS Group increased their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group reiterated a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Macquarie increased their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, SunTrust Banks increased their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $115.00.

In related news, CEO Marylynn Fergusonmchugh sold 37,027 shares of Procter & Gamble stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.00, for a total value of $4,295,132.00. Following the transaction, the chief executive officer now owns 112,703 shares in the company, valued at approximately $13,073,548. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven D. Bishop sold 41,165 shares of Procter & Gamble stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total transaction of $5,078,114.40. Following the completion of the transaction, the chief executive officer now owns 45,176 shares in the company, valued at approximately $5,572,911.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 470,319 shares of company stock worth $55,934,268. 1.75% of the stock is owned by corporate insiders.

Shares of Procter & Gamble stock traded up $1.10 on Wednesday, hitting $124.70. 2,700,996 shares of the company traded hands, compared to its average volume of 6,850,086. The firm’s 50-day simple moving average is $121.87 and its 200 day simple moving average is $114.21. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The company has a market cap of $307.94 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.47 and a beta of 0.42. Procter & Gamble Co has a 12-month low of $86.74 and a 12-month high of $125.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. Analysts predict that Procter & Gamble Co will post 4.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s payout ratio is presently 65.93%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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