The Procter & Gamble Company (NYSE:PG) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,127,615 shares of the company's stock after purchasing an additional 96,314 shares during the period. LPL Financial LLC owned about 0.13% of Procter & Gamble worth $541,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the 2nd quarter valued at $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 Procter & Gamble during the second quarter valued at approximately $34,000. Quest Partners LLC bought a new stake in Procter & Gamble in the 2nd quarter worth approximately $36,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $44,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares of the company's stock, valued at approximately $6,325,360. The trade was a 25.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 87,979 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.40, for a total value 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 $51,252,400.80. This trade represents a 22.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,727 shares of company stock worth $29,694,037. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 1.0 %

Shares of NYSE PG traded up $1.79 during mid-day trading on Thursday, reaching $172.68. 4,184,109 shares of the company were exchanged, compared to its average volume of 6,672,316. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The firm has a 50-day moving average of $170.01 and a 200 day moving average of $168.51. The stock has a market cap of $406.67 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.69 and a beta of 0.42. 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 released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate 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 net margin of 17.07% and a return on equity of 33.25%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.94 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. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

PG has been the topic of several recent research reports. DA Davidson restated a "neutral" rating and set a $160.00 target price on shares of Procter & Gamble in a research report on Wednesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Wolfe Research upgraded Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of 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 assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.00.

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.