Cerity Partners LLC Has $1.10 Billion Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Cerity Partners LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,356,220 shares of the company's stock after buying an additional 128,490 shares during the period. Procter & Gamble accounts for 2.4% of Cerity Partners LLC's investment portfolio, making the stock its 5th largest position. Cerity Partners LLC owned about 0.27% of Procter & Gamble worth $1,100,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble in the second quarter worth about $29,000. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $34,000. Quest Partners LLC purchased a new position in Procter & Gamble during the second quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $44,000. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Procter & Gamble from $188.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Evercore ISI increased their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Finally, Wolfe Research raised Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.00.

Procter & Gamble Stock Up 2.0 %

PG stock traded up $3.53 during trading on Friday, hitting $176.28. 10,609,785 shares of the stock traded hands, compared to its average volume of 6,613,133. The firm's 50 day moving average is $170.04 and its two-hundred day moving average is $168.64. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a market cap of $415.15 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during 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 was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 EPS. On average, sell-side 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 issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, October 18th. Procter & Gamble's dividend payout ratio is currently 69.48%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 19,341 shares of the company's stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,693 shares of company stock valued at $27,311,345. Company insiders own 0.18% of the company's stock.

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.