The Procter & Gamble Company (NYSE:PG) Shares Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,649 shares of the company’s stock after purchasing an additional 90 shares during the period. Procter & Gamble accounts for approximately 1.3% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 18th largest position. Meadow Creek Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Elevated Capital Advisors LLC grew its stake in shares of Procter & Gamble by 193.1% during the third quarter. Elevated Capital Advisors LLC now owns 4,842 shares of the company’s stock worth $839,000 after purchasing an additional 3,190 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Procter & Gamble by 2.7% during the third quarter. Bank Pictet & Cie Europe AG now owns 57,576 shares of the company’s stock worth $9,972,000 after purchasing an additional 1,535 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Procter & Gamble by 8.6% during the third quarter. Dupont Capital Management Corp now owns 98,693 shares of the company’s stock worth $17,094,000 after purchasing an additional 7,792 shares in the last quarter. GAM Holding AG acquired a new position in shares of Procter & Gamble during the third quarter worth $1,571,000. Finally, Community Trust & Investment Co. grew its stake in shares of Procter & Gamble by 2.9% during the third quarter. Community Trust & Investment Co. now owns 127,053 shares of the company’s stock worth $22,006,000 after purchasing an additional 3,582 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $169.71 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The company has a market cap of $400.54 billion, a P/E ratio of 29.26, a PEG ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a 50-day moving average price of $171.87 and a 200 day moving average price of $167.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the firm earned $1.83 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business 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 dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s payout ratio is 69.48%.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 10,623 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the transaction, the chief operating officer now directly owns 23,890 shares of the company’s stock, valued at approximately $4,042,665.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 383,194 shares of company stock worth $65,140,718. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PG. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

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.