MAI Capital Management Sells 22,921 Shares of The Procter & Gamble Company (NYSE:PG)

MAI Capital Management trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 410,133 shares of the company's stock after selling 22,921 shares during the period. MAI Capital Management's holdings in Procter & Gamble were worth $71,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PG. Legal & General Group Plc increased its position in Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after buying an additional 122,190 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Procter & Gamble by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock valued at $1,598,510,000 after purchasing an additional 733,440 shares during the period. Swiss National Bank increased its position in shares of Procter & Gamble by 0.6% during the third quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock valued at $1,213,403,000 after purchasing an additional 39,000 shares during the period. Janus Henderson Group PLC increased its position in shares of Procter & Gamble by 1.3% during the first quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock valued at $974,914,000 after purchasing an additional 79,665 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Procter & Gamble by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,716,799 shares of the company's stock valued at $990,150,000 after purchasing an additional 72,851 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred 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 owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the transaction, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 9.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,597 shares of company stock valued at $53,268,499. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.7 %

Shares of Procter & Gamble stock traded up $1.26 during trading hours on Monday, hitting $170.80. The company's stock had a trading volume of 6,680,983 shares, compared to its average volume of 6,676,875. 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 has a market capitalization of $402.24 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The stock has a 50 day moving average of $170.21 and a 200 day moving average of $168.45. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The company 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%. Procter & Gamble's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given 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 (DPR) is presently 69.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a "buy" rating and a $189.00 price objective on the stock. Stifel Nicolaus upped their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a "hold" rating in a research note on Monday, July 22nd. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Dbs Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.00.

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.