Dynamic Advisor Solutions LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Dynamic Advisor Solutions LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,924 shares of the company’s stock after selling 323 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Procter & Gamble were worth $5,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. HighPoint Advisor Group LLC acquired a new position in Procter & Gamble during the fourth quarter valued at about $17,696,000. Bayesian Capital Management LP boosted its holdings in shares of Procter & Gamble by 43.0% during the 4th quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock valued at $7,743,000 after acquiring an additional 15,900 shares during the period. Steele Capital Management Inc. purchased a new stake in Procter & Gamble in the first quarter valued at $204,000. United Advisor Group LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at $3,463,000. Finally, GAMMA Investing LLC raised its position in Procter & Gamble by 67.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock worth $4,420,000 after buying an additional 10,777 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s shares.

Procter & Gamble Stock Performance

NYSE PG opened at $168.16 on Wednesday. The company has a 50-day moving average price of $171.09 and a 200-day moving average price of $166.58. The company has a market cap of $396.88 billion, a P/E ratio of 27.48, a PEG ratio of 3.73 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.60 and a 1 year high of $177.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73, and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. In the same quarter last year, the company posted earnings of $1.37 per share. The company’s revenue for the quarter was down 0.1% on a year-over-year basis. sell-side analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents an annualized dividend of $4.03 and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insider trading at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. This trade represents a decrease of 0.00 % in the stock holding. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other Procter & Gamble news, CEO Ma. insider Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The trade was a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 383,194 shares of company stock worth $65,140,718 over the last ninety days. Corporate insiders own 0.17% of the company’s shares.

Changes in Analyst Ratings

Several brokerages recently weighed in on PG. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the company from $182.00 to $175.00 in a report on Wednesday, July 24th . Royal Bank of Canada upped their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday. July 17. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and an average price target of $175.89, according to MarketBeat.

Check out the latest stock analysis on Procter & Gamble

Procter & Gamble profile

(Free report)

The Procter & Gamble Company supplies packaged consumer goods worldwide. It operates through five segments: Beauty; Care; Health; Fabrics and Home Care; and Baby, Women and 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 cleaning and skin care products under the Olay, Old Spice, Safeguard, Secret and SK-II brands.

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