Procter & Gamble Company (The) $PG Stock Holdings Increased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,238 shares of the company’s stock after purchasing an additional 8,030 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Procter & Gamble were worth $6,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PG. Baxter Bros Inc. acquired a new stake in Procter & Gamble during the 2nd quarter valued at approximately $12,381,000. Empowered Funds LLC acquired a new stake in shares of Procter & Gamble in the second quarter worth $53,549,000. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the second quarter worth $3,850,628,000. Capstone Capital Management Ltd purchased a new position in shares of Procter & Gamble during the third quarter worth $991,000. Finally, Rokos Capital Management LLP purchased a new position in shares of Procter & Gamble during the first quarter worth $29,914,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Shailesh Jejurikar sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the sale, the chief executive officer directly owned 55,391 shares of the company’s stock, valued at $9,033,718.19. The trade was a 38.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 4,181 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $160.71, for a total value of $671,928.51. Following the sale, the insider owned 11,296 shares of the company’s stock, valued at $1,815,380.16. The trade was a 27.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 58,647 shares of company stock valued at $9,268,508. 0.23% of the stock is owned by insiders.

Procter & Gamble Stock Up 1.5%

PG stock opened at $163.99 on Tuesday. The stock has a market capitalization of $380.10 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.89 and a beta of 0.39. The firm has a 50-day simple moving average of $150.37 and a 200-day simple moving average of $149.04. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.99 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is presently 65.51%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Barclays boosted their target price on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. UBS Group set a $166.00 price target on Procter & Gamble in a research report on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. BNP Paribas Exane boosted their price objective on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Procter & Gamble in a report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $170.57.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.