36,355 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,355 shares of the company's stock, valued at approximately $6,297,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its position in Procter & Gamble by 5.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company's stock worth $5,192,000 after purchasing an additional 1,657 shares during the period. Quent Capital LLC grew its stake in Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company's stock valued at $1,733,000 after buying an additional 206 shares in the last quarter. Kades & Cheifetz LLC bought a new stake in Procter & Gamble during the 1st quarter valued at $202,000. Ballast Inc. lifted its position in shares of Procter & Gamble by 9.4% during the first quarter. Ballast Inc. now owns 15,893 shares of the company's stock worth $2,579,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Concord Investment Counsel Inc. bought a new position in shares of Procter & Gamble in the first quarter worth $204,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Jefferies Financial Group cut Procter & Gamble from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. StockNews.com lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Barclays lowered shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. DZ Bank upgraded shares of 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. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble from $157.00 to $161.00 and gave the stock a "hold" rating in a research report on Monday, July 22nd. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $177.00.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 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 transaction of $5,380,688.34. Following the completion of the transaction, the chief executive officer now owns 300,777 shares of the company's stock, valued at $50,897,483.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at $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 sold 313,597 shares of company stock valued at $53,268,499. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 2.6 %

Procter & Gamble stock traded up $4.30 during mid-day trading on Friday, hitting $167.71. The company's stock had a trading volume of 7,506,566 shares, compared to its average volume of 6,666,331. The business has a 50 day moving average price of $171.08 and a 200-day moving average price of $168.15. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market cap of $394.96 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

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 $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble's payout ratio is 69.31%.

Procter & Gamble Company 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.