First Horizon Advisors Inc. Has $41.77 Million Holdings in The Procter & Gamble Company (NYSE:PG)

First Horizon Advisors Inc. increased its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,147 shares of the company's stock after buying an additional 5,171 shares during the period. Procter & Gamble comprises 1.2% of First Horizon Advisors Inc.'s portfolio, making the stock its 16th largest holding. First Horizon Advisors Inc.'s holdings in Procter & Gamble were worth $41,767,000 at the end of the most recent quarter.

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

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.16 during trading on Wednesday, reaching $170.92. The company's stock had a trading volume of 7,081,123 shares, compared to its average volume of 6,674,260. The stock has a 50-day moving average price of $170.07 and a two-hundred day moving average price of $168.49. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The stock has a market capitalization of $402.52 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed 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 2.36%. Procter & Gamble's dividend payout ratio is currently 69.48%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PG shares. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an "overweight" rating in a report on Thursday, September 19th. 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. Dbs Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Finally, DA Davidson restated a "neutral" rating and set a $160.00 price target on shares of Procter & Gamble in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $177.00.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 634 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company's stock, valued at approximately $2,332,570. This trade represents a 87.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 270,727 shares of company stock valued at $46,014,037. 0.18% of the stock is currently owned by insiders.

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.