Procter & Gamble Company (The) $PG Stock Holdings Decreased by Cornerstone Advisors LLC

Cornerstone Advisors LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 24.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,457 shares of the company’s stock after selling 34,794 shares during the quarter. Cornerstone Advisors LLC’s holdings in Procter & Gamble were worth $15,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC acquired a new position in Procter & Gamble during the second quarter worth about $28,000. Paladin Partners LLC acquired a new position in Procter & Gamble during the second quarter worth about $29,000. Toews Corp ADV acquired a new position in Procter & Gamble during the second quarter worth about $37,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group set a $166.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. Morgan Stanley lifted their price objective on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Barclays upped their target price on Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, October 22nd. Finally, Citigroup increased their target price on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble News Roundup

Here’s some of the latest news about PG:

• 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: CEO El Hak Hesham Abd sold 2,250 shares for about $379,000, reducing his direct ownership by 20.06% to 8,968 shares. The sale may draw attention, although a single transaction does not establish a change in the company’s outlook. SEC Form 4 filing

Insider Buying and Selling at Procter & Gamble

In related news, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This trade represents a 38.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor Aguilar sold 18,812 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the sale, the insider owned 55,243 shares in the company, valued at approximately $9,083,606.49. This trade represents a 25.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 200,006 shares of company stock valued at $32,715,058. 0.23% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 1.1%

Shares of PG stock opened at $169.84 on Friday. The firm 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 twelve month low of $137.62 and a twelve month high of $170.73. The company has a market capitalization of $393.65 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 4.13 and a beta of 0.36. 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 released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. During the same period in the prior year, the firm earned $1.99 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Research 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 disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is presently 65.51%.

About Procter & Gamble

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.