Vivid Wealth Management LLC Has $205,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Vivid Wealth Management LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 42.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,186 shares of the company’s stock after selling 864 shares during the period. Vivid Wealth Management LLC’s holdings in Procter & Gamble were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. grew its position in Procter & Gamble by 8.8% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 16,443 shares of the company’s stock worth $2,848,000 after acquiring an additional 1,323 shares in the last quarter. Welch Group LLC boosted its holdings in Procter & Gamble by 0.9% in the third quarter. Welch Group LLC now owns 323,870 shares of the company’s stock worth $56,094,000 after purchasing an additional 2,990 shares in the last quarter. Southern Capital Advisors LLC increased its position in Procter & Gamble by 3.6% during the third quarter. Southern Capital Advisors LLC now owns 22,323 shares of the company’s stock worth $3,866,000 after buying an additional 767 shares during the last quarter. Motiv8 Investments LLC raised its holdings in Procter & Gamble by 11.8% during the third quarter. Motiv8 Investments LLC now owns 5,638 shares of the company’s stock valued at $977,000 after buying an additional 593 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in shares of Procter & Gamble by 19.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,877 shares of the company’s stock worth $312,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.71 during trading hours on Monday, hitting $168.93. The company had a trading volume of 1,314,434 shares, compared to its average volume of 6,643,652. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s fifty day moving average is $171.93 and its 200 day moving average is $167.69. The firm has a market capitalization of $398.70 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, August 29th. DA Davidson boosted their price objective on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $177.00.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 450 shares of the business’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 transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 397,986 shares of company stock valued at $67,642,430. 0.17% of the stock is currently owned by insiders.

About Procter & Gamble

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.