Carret Asset Management LLC Trims Position in The Procter & Gamble Company (NYSE:PG)

Carret Asset Management LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,853 shares of the company’s stock after selling 730 shares during the period. Procter & Gamble accounts for approximately 0.9% of Carret Asset Management LLC’s holdings, making the stock its 25th biggest holding. Carret Asset Management LLC’s holdings in Procter & Gamble were worth $8,288,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. OneAscent Wealth Management LLC increased its stake in shares of Procter & Gamble by 24.6% in the 1st quarter. OneAscent Wealth Management LLC now owns 2,240 shares of the company’s stock worth $363,000 after acquiring an additional 442 shares in the last quarter. Norris Perne & French LLP MI increased its stake in shares of Procter & Gamble by 26.3% during the first quarter. Norris Perne & French LLP MI now owns 3,145 shares of the company’s stock valued at $510,000 after purchasing an additional 655 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Procter & Gamble by 7.8% during the first quarter. Independence Bank of Kentucky now owns 29,187 shares of the company’s stock valued at $4,736,000 after purchasing an additional 2,110 shares during the last quarter. Occidental Asset Management LLC grew its stake in shares of Procter & Gamble by 14.6% in the 1st quarter. Occidental Asset Management LLC now owns 2,500 shares of the company’s stock worth $406,000 after buying an additional 318 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in Procter & Gamble by 14.7% during the 1st quarter. Hodges Capital Management Inc. now owns 9,912 shares of the company’s stock valued at $1,608,000 after buying an additional 1,273 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,986 shares of company stock worth $67,642,430. 0.18% of the stock is owned by company insiders.

Procter & Gamble Price Performance

NYSE PG opened at $168.22 on Friday. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The firm has a market capitalization of $396.16 billion, a P/E ratio of 29.00, a PEG ratio of 3.67 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $171.93 and a 200-day moving average price of $167.62.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

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 paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus 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.