The Procter & Gamble Company (NYSE:PG) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 50.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 497,400 shares of the company's stock after selling 507,914 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Procter & Gamble were worth $86,150,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

PG has been the subject of several analyst reports. Jefferies Financial Group lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating and cut their price target for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Morgan Stanley raised their price objective 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. Barclays downgraded Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price target on the stock. in a report on Monday, September 30th. Dbs Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the company's 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 completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,727 shares of company stock worth $46,014,037. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.13 during midday trading on Wednesday, reaching $170.89. The company's stock had a trading volume of 7,046,093 shares, compared to its average volume of 6,674,104. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The company has a 50 day moving average price of $170.07 and a 200 day moving average price of $168.49. The company has a market cap of $402.45 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's payout ratio is presently 69.48%.

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.