Grimes & Company Inc. Has $5.66 Million Stake in The Procter & Gamble Company (NYSE:PG)

Grimes & Company Inc. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,666 shares of the company’s stock after purchasing an additional 1,225 shares during the period. Grimes & Company Inc.’s holdings in Procter & Gamble were worth $5,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co boosted its position in Procter & Gamble by 1.4% during the third quarter. CENTRAL TRUST Co now owns 235,286 shares of the company’s stock valued at $40,751,000 after acquiring an additional 3,182 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Procter & Gamble by 1.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 32,457 shares of the company’s stock valued at $5,623,000 after acquiring an additional 490 shares during the last quarter. Global Assets Advisory LLC boosted its position in Procter & Gamble by 42.5% during 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 during the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in shares of Procter & Gamble by 1.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock worth $963,000 after purchasing an additional 59 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its position in shares of Procter & Gamble by 153.0% during 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 in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,186 shares of company stock valued at $65,479,358. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 0.1 %

Shares of NYSE PG traded down $0.11 during trading hours on Thursday, hitting $169.47. The company’s stock had a trading volume of 258,419 shares, compared to its average volume of 6,650,895. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market cap of $399.97 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The business has a 50-day simple moving average of $171.88 and a 200-day simple moving average of $167.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The business 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 33.46% and a net margin of 17.71%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 EPS. On average, analysts anticipate that The Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PG. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday. DA Davidson raised their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.