The Procter & Gamble Company (NYSE:PG) Shares Sold by Barr E S & Co.

Barr E S & Co. cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,489 shares of the company’s stock after selling 329 shares during the period. Barr E S & Co.’s holdings in Procter & Gamble were worth $3,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Capital Directions Investment Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Procter & Gamble in the third quarter valued at $29,000. Monumental Financial Group Inc. purchased a new position in Procter & Gamble during the second quarter worth about $47,000. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $60,000. Finally, Strategic Asset Management LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth approximately $62,000. Institutional investors own 62.86% of the company’s stock.

In other news, CEO Ma. Fatima Francisco sold 8,115 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $148.40, for a total transaction of $1,204,266.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David S. Taylor sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $146.00, for a total value of $7,300,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,249 shares of company stock worth $22,257,187. 0.51% of the stock is currently owned by corporate insiders.

PG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, October 20th. Bank of America started coverage on Procter & Gamble in a research report on Tuesday, October 5th. They issued a “buy” rating on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $150.00 target price on shares of Procter & Gamble in a report on Tuesday, December 21st. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Tuesday, October 5th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $146.00 target price on shares of Procter & Gamble in a research report on Wednesday, October 20th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $149.44.

Shares of NYSE:PG traded up $1.45 on Friday, reaching $159.74. 129,833 shares of the company traded hands, compared to its average volume of 8,360,676. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market capitalization of $386.56 billion, a PE ratio of 28.91, a P/E/G ratio of 4.00 and a beta of 0.47. The company’s 50 day moving average is $154.25 and its 200-day moving average is $145.96. The Procter & Gamble Company has a fifty-two week low of $121.54 and a fifty-two week high of $165.32.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 5.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Friday, January 21st will be given a $0.8698 dividend. The ex-dividend date is Thursday, January 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.18%. Procter & Gamble’s payout ratio is 63.62%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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