Coldstream Capital Management Inc. Raises Position in The Procter & Gamble Company (NYSE:PG)

Coldstream Capital Management Inc. raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,777 shares of the company's stock after buying an additional 3,324 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Procter & Gamble were worth $14,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC raised its position in shares of Procter & Gamble by 29.5% in the 3rd quarter. JDM Financial Group LLC now owns 456 shares of the company's stock valued at $79,000 after buying an additional 104 shares in the last quarter. Geode Capital Management LLC raised its position in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. Insight Inv LLC lifted its stake in Procter & Gamble by 3.9% during the third quarter. Insight Inv LLC now owns 9,750 shares of the company's stock worth $1,689,000 after purchasing an additional 369 shares during the last quarter. Frisch Financial Group Inc. boosted its holdings in shares of Procter & Gamble by 6.9% in the 3rd quarter. Frisch Financial Group Inc. now owns 4,450 shares of the company's stock valued at $771,000 after purchasing an additional 287 shares in the last quarter. Finally, Brophy Wealth Management LLC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at $2,193,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a report on Monday, October 21st. DZ Bank raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Thursday, August 29th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $180.45.

Procter & Gamble Trading Up 0.9 %

Procter & Gamble stock traded up $1.59 during trading hours on Tuesday, reaching $172.38. 6,219,906 shares of the company's stock were exchanged, compared to its average volume of 6,715,818. The firm has a market capitalization of $405.96 billion, a PE ratio of 29.70, a PEG ratio of 3.75 and a beta of 0.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm's 50 day simple moving average is $170.71 and its 200 day simple moving average is $169.44. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm 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%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.83 earnings per share. Research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date was Friday, October 18th. Procter & Gamble's payout ratio is currently 69.48%.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was 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 owns 19,341 shares in the company, 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 SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,080 shares of company stock worth $14,629,038. Insiders own 0.18% of the company's stock.

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.