World Investment Advisors LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

World Investment Advisors LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 95.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,334 shares of the company's stock after acquiring an additional 18,706 shares during the quarter. World Investment Advisors LLC's holdings in Procter & Gamble were worth $6,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the third quarter worth $33,000. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the second quarter worth $34,000. Finally, Quest Partners LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at $36,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.3 %

PG stock traded up $0.44 during trading on Friday, hitting $171.29. The company had a trading volume of 1,482,426 shares, compared to its average volume of 6,676,794. The firm has a market capitalization of $403.39 billion, a P/E ratio of 29.44, a PEG ratio of 3.69 and a beta of 0.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The company has a 50 day simple moving average of $170.69 and a 200-day simple moving average of $169.51.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $21.74 billion during 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%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble's dividend payout ratio is currently 69.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PG. DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price objective on the stock. DA Davidson raised shares of Procter & Gamble from a "neutral" rating to a "buy" rating and raised their target price for the company from $160.00 to $209.00 in a report on Monday, November 25th. Finally, 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. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $180.45.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. The trade was 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 worth $14,629,038 over the last three months. 0.18% of the stock is owned by corporate insiders.

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.