Pitcairn Co. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Pitcairn Co. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,763 shares of the company's stock after selling 3,168 shares during the quarter. Procter & Gamble makes up approximately 1.1% of Pitcairn Co.'s portfolio, making the stock its 14th largest holding. Pitcairn Co.'s holdings in Procter & Gamble were worth $19,184,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in 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 stake in shares of Procter & Gamble in the second quarter valued at about $29,000. POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the second quarter worth about $34,000. Quest Partners LLC bought a new position in Procter & Gamble during the second quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $44,000. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares of the company's stock, valued at $44,508,763.93. The trade was a 12.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now owns 19,341 shares of the company's stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,693 shares of company stock worth $27,311,345 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on PG. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Wells Fargo & Company increased their price objective on Procter & Gamble from $188.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, DZ Bank raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Nine research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $178.00.

Procter & Gamble Stock Performance

Shares of PG stock traded up $3.53 during trading hours on Friday, hitting $176.28. 10,609,785 shares of the company were exchanged, compared to its average volume of 6,613,133. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week 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 firm has a fifty day simple moving average of $170.04 and a 200 day simple moving average of $168.62. The stock has a market capitalization of $415.15 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 3.74 and a beta of 0.42.

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, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 earnings per share. Research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.28%. Procter & Gamble's dividend payout ratio (DPR) is currently 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.