Virtu Financial LLC Buys New Holdings in The Procter & Gamble Company (NYSE:PG)

Virtu Financial LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,422 shares of the company's stock, valued at approximately $1,632,000.

A number of other institutional investors also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the second quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble during the second quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter worth approximately $33,000. POM Investment Strategies LLC acquired a new position in Procter & Gamble in the second quarter worth approximately $34,000. Finally, Quest Partners LLC bought a new position in shares of Procter & Gamble in the second quarter valued at $36,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the firm's 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 of the company's stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,080 shares of company stock valued at $14,629,038 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.1 %

PG traded up $0.23 during midday trading on Friday, hitting $171.08. 3,884,004 shares of the company's stock traded hands, compared to its average volume of 6,686,880. 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 cap of $402.90 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The stock's fifty day simple moving average is $170.69 and its 200-day simple moving average is $169.51. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results 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. The business 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 revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.35%. Procter & Gamble's dividend payout ratio (DPR) is currently 69.48%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Wolfe Research upgraded Procter & Gamble to a "strong-buy" rating in a report on Friday, August 23rd. DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Thursday, August 29th. Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $180.45.

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.