Palisade Asset Management LLC Reduces Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Palisade Asset Management LLC trimmed its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,357 shares of the company's stock after selling 3,387 shares during the quarter. Procter & Gamble makes up 2.0% of Palisade Asset Management LLC's holdings, making the stock its 11th largest position. Palisade Asset Management LLC's holdings in Procter & Gamble were worth $20,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. China Universal Asset Management Co. Ltd. grew its holdings in Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company's stock valued at $5,192,000 after buying an additional 1,657 shares in the last quarter. Quent Capital LLC increased its position in Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company's stock worth $1,733,000 after acquiring an additional 206 shares during the period. Beaird Harris Wealth Management LLC raised its stake in Procter & Gamble by 10.7% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,535 shares of the company's stock worth $411,000 after purchasing an additional 245 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in Procter & Gamble by 1.0% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 44,016 shares of the company's stock valued at $7,142,000 after purchasing an additional 424 shares during the period. Finally, Transcendent Capital Group LLC increased its holdings in shares of Procter & Gamble by 94.8% during the first quarter. Transcendent Capital Group LLC now owns 411 shares of the company's stock worth $67,000 after purchasing an additional 200 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 2.0 %

NYSE PG traded up $3.53 during trading hours on Friday, hitting $176.28. 10,609,785 shares of the company's stock were exchanged, compared to its average volume of 6,613,133. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. 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 stock has a 50-day simple moving average of $170.04 and a 200 day simple moving average of $168.62. The firm has a market cap of $415.15 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 3.74 and a beta of 0.42.

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

Procter & Gamble Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's payout ratio is 69.48%.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm'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 transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were 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 of the company's stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,693 shares of company stock valued at $27,311,345. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an "overweight" rating in a research report on Thursday, September 19th. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price objective for the company. StockNews.com lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Finally, Wolfe Research raised shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $178.00.

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.