Procter & Gamble Company (The) $PG Stock Sold by One Way Holdings LLC

One Way Holdings LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 96.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,033 shares of the company’s stock after selling 110,173 shares during the quarter. One Way Holdings LLC’s holdings in Procter & Gamble were worth $586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Procter & Gamble during the second quarter valued at approximately $26,000. Montgomery Financial Services LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $28,000. Paladin Partners LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $29,000. Toews Corp ADV purchased a new stake in shares of Procter & Gamble in the second quarter worth $37,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Procter & Gamble in the first quarter worth $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 4,181 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $160.71, for a total transaction of $671,928.51. Following the completion of the transaction, the insider directly owned 11,296 shares in the company, valued at approximately $1,815,380.16. This represents a 27.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 4,030 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 58,647 shares of company stock worth $9,268,508 over the last three months. 0.23% of the stock is owned by company insiders.

Procter & Gamble Stock Up 1.5%

Shares of PG stock opened at $163.99 on Tuesday. The company’s fifty day simple moving average is $150.37 and its two-hundred day simple moving average is $149.04. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The stock has a market cap of $380.10 billion, a P/E ratio of 24.70, a PEG ratio of 3.89 and a beta of 0.39. 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 (NYSE:PG) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter last year, the business posted $1.99 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts predict that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared 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. This represents a $4.35 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Analysts Set New Price Targets

Several brokerages have recently commented on PG. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Barclays increased their price target on Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Citigroup raised their price target on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, 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 research report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.57.

Procter & Gamble Profile

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.