Montrusco Bolton Investments Inc. Sells 140,155 Shares of The Procter & Gamble Company (NYSE:PG)

Montrusco Bolton Investments Inc. lowered its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 90.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,545 shares of the company's stock after selling 140,155 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Procter & Gamble were worth $2,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PG. Legal & General Group Plc raised its holdings 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 purchasing an additional 122,190 shares during the period. Charles Schwab Investment Management Inc. increased its position in Procter & Gamble by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company's stock worth $2,844,442,000 after buying an additional 105,734 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Procter & Gamble by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock worth $1,598,510,000 after buying an additional 733,440 shares during the period. Swiss National Bank lifted its position in shares of Procter & Gamble by 0.6% during the 3rd 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, Janus Henderson Group PLC grew its stake in shares of Procter & Gamble by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock valued at $974,914,000 after acquiring an additional 79,665 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity

In related news, insider Susan Street Whaley sold 634 shares of Procter & Gamble 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 in the company, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,693 shares of company stock valued at $27,311,345. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Hsbc Global Res upgraded shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Dbs Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Barclays lowered Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. Finally, DA Davidson reissued a "neutral" rating and set a $160.00 target price on shares of Procter & Gamble in a research note on Wednesday. Nine 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.00.

Procter & Gamble Trading Up 2.0 %

Shares of Procter & Gamble stock traded up $3.53 on Friday, reaching $176.28. The company had a trading volume of 10,609,785 shares, compared to its average volume of 6,613,133. The firm's 50-day moving average price is $170.04 and its two-hundred day moving average price is $168.64. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

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, beating analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. During the same quarter in the previous year, the business posted $1.83 earnings per share. The business's revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a dividend yield of 2.28%. Procter & Gamble's dividend payout ratio (DPR) is presently 69.48%.

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.