Eagle Asset Management Inc. Sells 18,282 Shares of The Procter & Gamble Company (NYSE:PG)

Eagle Asset Management Inc. cut its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 826,672 shares of the company's stock after selling 18,282 shares during the quarter. Eagle Asset Management Inc.'s holdings in Procter & Gamble were worth $138,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its position in Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after purchasing an additional 4,035 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at approximately $5,705,000. Welch Group LLC raised its stake in Procter & Gamble by 0.9% during the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company's stock valued at $56,094,000 after acquiring an additional 2,990 shares in the last quarter. Swiss National Bank grew its stake in shares of Procter & Gamble by 0.6% in the third quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock worth $1,213,403,000 after purchasing an additional 39,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Procter & Gamble by 67.2% during the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company's stock valued at $4,420,000 after purchasing an additional 10,777 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company's stock, valued at $6,325,360. This trade represents a 25.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 87,979 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now directly owns 300,777 shares of the company's stock, valued at approximately $51,252,400.80. This represents a 22.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,693 shares of company stock valued at $27,311,345 over the last quarter. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. DA Davidson reaffirmed a "neutral" rating and set a $160.00 price target on shares of Procter & Gamble in a research note on Wednesday. Wolfe Research raised Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. Finally, DZ Bank raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.00.

Procter & Gamble Stock Up 2.4 %

Shares of PG traded up $4.11 during midday trading on Friday, reaching $176.86. 5,001,421 shares of the stock were exchanged, compared to its average volume of 6,664,980. The company has a market cap of $416.51 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 3.69 and a beta of 0.42. The firm has a 50 day simple moving average of $170.00 and a 200-day simple moving average of $168.54. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company's revenue was down .6% compared to the same quarter last year. Research analysts forecast 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. Shareholders 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 yield of 2.28%. Procter & Gamble's dividend payout ratio (DPR) is currently 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.