Harel Insurance Investments & Financial Services Ltd. lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 31.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the company’s stock after selling 1,771 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Procter & Gamble were worth $575,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Axiom Financial Strategies LLC grew its holdings in shares of Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after buying an additional 113 shares during the last quarter. AMI Investment Management Inc. grew its holdings in shares of Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after buying an additional 233 shares during the last quarter. LSV Asset Management grew its holdings in shares of Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after buying an additional 1,000 shares during the last quarter. Ergoteles LLC purchased a new stake in shares of Procter & Gamble during the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC grew its holdings in shares of Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after buying an additional 455 shares during the last quarter. Institutional investors own 63.43% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Procter & Gamble in a report on Monday, November 13th. They set a “buy” rating and a $177.00 price target on the stock. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective on the stock in a research report on Friday, October 20th. HSBC began coverage on shares of Procter & Gamble in a research report on Friday, September 22nd. They set a “buy” rating and a $179.00 price objective on the stock. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein lowered their price objective on shares of Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research report on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $166.41.
Get Our Latest Stock Report on Procter & Gamble
Insider Transactions at Procter & Gamble
In other news, CAO Matthew W. Janzaruk sold 188 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $148.52, for a total value of $27,921.76. Following the completion of the sale, the chief accounting officer now directly owns 626 shares of the company’s stock, valued at $92,973.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Susan Street Whaley sold 693 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $150.00, for a total transaction of $103,950.00. Following the completion of the transaction, the insider now directly owns 11,742 shares of the company’s stock, valued at $1,761,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew W. Janzaruk sold 188 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $148.52, for a total transaction of $27,921.76. Following the transaction, the chief accounting officer now directly owns 626 shares of the company’s stock, valued at $92,973.52. The disclosure for this sale can be found here. Insiders sold a total of 77,229 shares of company stock valued at $11,676,570 over the last three months. Corporate insiders own 0.17% of the company’s stock.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $150.60 on Friday. The firm has a fifty day moving average price of $148.74 and a 200-day moving average price of $150.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.48. The stock has a market cap of $354.95 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.11 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $135.83 and a 1 year high of $158.38.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The firm had revenue of $21.87 billion during the quarter, compared to analysts’ expectations of $21.58 billion. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share. Equities analysts anticipate that The Procter & Gamble Company will post 6.42 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.9407 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.04%.
Procter & Gamble Company Profile
(Free Report)
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.
See Also
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