Bank of Montreal Can Buys 75,330 Shares of The Procter & Gamble Company (NYSE:PG)

Bank of Montreal Can boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,499,792 shares of the company's stock after buying an additional 75,330 shares during the quarter. Bank of Montreal Can owned 0.19% of Procter & Gamble worth $780,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the second quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $29,000. POM Investment Strategies LLC purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $34,000. Quest Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $36,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PG. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. DZ Bank raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. DA Davidson raised shares of Procter & Gamble from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $160.00 to $209.00 in a research note on Monday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Eight equities 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 company's stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $180.45.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,473 shares of company stock valued at $12,313,697 over the last quarter. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $1.12 on Monday, hitting $177.40. 19,355,934 shares of the company were exchanged, compared to its average volume of 6,745,238. The company's 50 day moving average price is $170.04 and its two-hundred day moving average price is $168.74. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $178.82. 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 $417.78 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 3.81 and a beta of 0.42.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data 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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business's revenue was down .6% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.27%. Procter & Gamble's payout ratio is 69.31%.

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.