Copley Financial Group Inc. Buys New Shares in The Procter & Gamble Company (NYSE:PG)

Copley Financial Group Inc. acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,854 shares of the company's stock, valued at approximately $668,000.

A number of other hedge funds have also recently bought and sold shares of PG. ERn Financial LLC increased its stake in shares of Procter & Gamble by 3.8% in the second quarter. ERn Financial LLC now owns 4,196 shares of the company's stock worth $692,000 after purchasing an additional 155 shares during the period. Hayek Kallen Investment Management lifted its holdings in Procter & Gamble by 3.3% during the second quarter. Hayek Kallen Investment Management now owns 3,905 shares of the company's stock worth $644,000 after acquiring an additional 123 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Procter & Gamble by 2.6% in the second quarter. Miracle Mile Advisors LLC now owns 63,940 shares of the company's stock valued at $10,545,000 after buying an additional 1,628 shares in the last quarter. Dash Acquisitions Inc. raised its stake in shares of Procter & Gamble by 14.5% in the 2nd quarter. Dash Acquisitions Inc. now owns 42,403 shares of the company's stock valued at $7,185,000 after purchasing an additional 5,377 shares during the period. Finally, TruNorth Capital Management LLC lifted its stake in Procter & Gamble by 71.0% in the 2nd quarter. TruNorth Capital Management LLC now owns 318 shares of the company's stock valued at $52,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. DZ Bank raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Thursday, August 29th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $180.45.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares of the company's stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,080 shares of company stock valued at $14,629,038. 0.18% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.1 %

NYSE PG traded up $0.23 during trading hours on Friday, hitting $171.08. 3,884,004 shares of the company's stock were exchanged, compared to its average volume of 6,686,880. 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 has a market capitalization of $402.90 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43. The business's 50 day moving average is $170.69 and its 200-day moving average is $169.51.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's payout ratio is 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.