Procter & Gamble Company (The) $PG Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. grew its position in Procter & Gamble Company (The) (NYSE:PG) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,294 shares of the company’s stock after purchasing an additional 7,975 shares during the period. Phoenix Financial Ltd.’s holdings in Procter & Gamble were worth $6,148,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $29,000. Toews Corp ADV bought a new stake in shares of Procter & Gamble in the second quarter valued at about $37,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at about $38,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew Janzaruk sold 9,479 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $207,173. This trade represents a 88.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 33,624 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00. Following the completion of the transaction, the chief financial officer directly owned 65,618 shares in the company, valued at $10,826,970. This trade represents a 33.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 200,006 shares of company stock valued at $32,715,058 over the last 90 days. 0.23% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $1.81 on Friday, hitting $169.84. The company had a trading volume of 6,941,459 shares, compared to its average volume of 10,402,722. The stock has a market cap of $393.65 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 4.13 and a beta of 0.36. The stock has a 50 day moving average price of $154.26 and a 200 day moving average price of $149.93. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.73. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Evercore upgraded shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price for the company in a report on Tuesday, October 6th. TD Cowen boosted their price target on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a research report on Friday, October 23rd. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Recent Procter & Gamble Headlines

These are some of the PG headlines that stood out recently:

• Positive Sentiment: Investors continue to see P&G as a potential source of reliable income: the company has raised its dividend for 70 consecutive years and recently declared a quarterly payout of $1.0885 per share. Its established consumer brands and steady cash generation support that appeal. Article: P&G Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: Recent valuation coverage asks whether P&G’s current market value is justified by its expected cash flows and how its valuation compares with rivals. This may make valuation more salient after the stock’s recent gains, but the available article summaries do not provide a specific fair-value estimate. Article: Is Procter & Gamble Stock Worth More Than Its Rivals?
• Negative Sentiment: Higher oil prices and shrinking margins are cited as risks to the rally, potentially offsetting volume-led growth. Investors will look for management’s strategy and outlook at its upcoming Investor Day. Article: P&G Dividend and Price Target

Procter & Gamble Company Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.