Harvest Fund Management Co. Ltd boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 218.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,124 shares of the company's stock after acquiring an additional 3,517 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Procter & Gamble were worth $887,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its position in Procter & Gamble by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after acquiring an additional 4,035 shares in the last quarter. Radnor Capital Management LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at $5,705,000. Welch Group LLC increased its position in shares of Procter & Gamble by 0.9% in the third quarter. Welch Group LLC now owns 323,870 shares of the company's stock valued at $56,094,000 after buying an additional 2,990 shares in the last quarter. Swiss National Bank increased its position 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 valued at $1,213,403,000 after buying an additional 39,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Procter & Gamble by 67.2% in the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company's stock valued at $4,420,000 after buying an additional 10,777 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Procter & Gamble Trading Up 1.1 %
NYSE:PG traded up $1.92 during mid-day trading on Tuesday, reaching $179.31. The company's stock had a trading volume of 6,276,721 shares, compared to its average volume of 6,743,191. The stock has a market cap of $422.28 billion, a P/E ratio of 30.92, a P/E/G ratio of 3.81 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $179.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company's fifty day simple moving average is $170.11 and its two-hundred day simple moving average is $168.83.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. On average, equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble's dividend payout ratio is currently 69.31%.
Insider Activity
In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. The trade was a 12.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble 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 sale, the insider now owns 19,341 shares in the company, 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 72,473 shares of company stock valued at $12,313,697 in the last three months. Corporate insiders own 0.18% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Dbs Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 1st. Finally, Barclays cut Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.45.
Read Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Profile
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Free Report)
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.
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