Pathstone Holdings LLC Buys 1,402 Shares of The Procter & Gamble Company (NYSE:PG)

Pathstone Holdings LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 324,565 shares of the company’s stock after purchasing an additional 1,402 shares during the period. Pathstone Holdings LLC’s holdings in Procter & Gamble were worth $56,214,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindenwold Advisors INC increased its holdings in Procter & Gamble by 0.5% in the 3rd quarter. Lindenwold Advisors INC now owns 15,307 shares of the company’s stock valued at $2,651,000 after buying an additional 77 shares during the period. Windle Wealth LLC increased its stake in Procter & Gamble by 3.0% in the third quarter. Windle Wealth LLC now owns 46,202 shares of the company’s stock valued at $8,002,000 after acquiring an additional 1,348 shares during the last quarter. Baron Wealth Management LLC raised its position in Procter & Gamble by 2.0% during the third quarter. Baron Wealth Management LLC now owns 6,022 shares of the company’s stock valued at $1,043,000 after purchasing an additional 116 shares in the last quarter. New England Asset Management Inc. lifted its stake in Procter & Gamble by 0.4% during the third quarter. New England Asset Management Inc. now owns 52,285 shares of the company’s stock worth $9,056,000 after purchasing an additional 200 shares during the last quarter. Finally, Joseph Group Capital Management boosted its holdings in shares of Procter & Gamble by 16.8% in the 3rd quarter. Joseph Group Capital Management now owns 23,154 shares of the company’s stock valued at $4,010,000 after purchasing an additional 3,333 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Stifel Nicolaus increased 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. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. 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 research report on Monday, October 21st. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now directly owns 269,172 shares in the company, valued at $46,203,373.80. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,727 shares of company stock worth $46,014,037. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $170.80 on Tuesday. The business has a 50-day moving average price of $170.21 and a two-hundred day moving average price of $168.45. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $402.24 billion, a P/E ratio of 29.45, a PEG ratio of 3.67 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

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.