The Procter & Gamble Company (NYSE:PG) Shares Sold by Greystone Financial Group LLC

Greystone Financial Group LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,290 shares of the company’s stock after selling 8,413 shares during the period. Greystone Financial Group LLC’s holdings in Procter & Gamble were worth $6,632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in Procter & Gamble by 1.4% during the 3rd quarter. CENTRAL TRUST Co now owns 235,286 shares of the company’s stock worth $40,751,000 after buying an additional 3,182 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Procter & Gamble by 1.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 32,457 shares of the company’s stock worth $5,623,000 after buying an additional 490 shares in the last quarter. Global Assets Advisory LLC raised its holdings in Procter & Gamble by 42.5% in the third quarter. Global Assets Advisory LLC now owns 1,777 shares of the company’s stock valued at $307,000 after acquiring an additional 530 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in Procter & Gamble by 1.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock valued at $963,000 after acquiring an additional 59 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its position in shares of Procter & Gamble by 153.0% in the 3rd quarter. Great Lakes Retirement Inc. now owns 17,009 shares of the company’s stock worth $2,946,000 after purchasing an additional 10,287 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1 %

Procter & Gamble stock opened at $169.58 on Thursday. The firm has a fifty day moving average price of $171.88 and a two-hundred day moving average price of $167.45. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The firm has a market cap of $400.23 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s payout ratio is 65.69%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,186 shares of company stock valued at $65,479,358 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday. Citigroup upped their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. DA Davidson lifted their target price on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Finally, Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble 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.