Procter & Gamble Co (NYSE:PG) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 70.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,328 shares of the company’s stock after purchasing an additional 17,115 shares during the quarter. Procter & Gamble comprises 0.8% of Prime Capital Investment Advisors LLC’s portfolio, making the stock its 29th largest position. Prime Capital Investment Advisors LLC’s holdings in Procter & Gamble were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Phocas Financial Corp. grew its holdings in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after buying an additional 71,055,523 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after purchasing an additional 18,153,758 shares in the last quarter. Vanguard Group Inc. boosted its stake in Procter & Gamble by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after purchasing an additional 3,786,962 shares in the last quarter. AQR Capital Management LLC boosted its stake in Procter & Gamble by 49.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after purchasing an additional 3,019,494 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

A number of equities analysts have issued reports on PG shares. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Credit Suisse Group raised their price objective on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, ValuEngine lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $116.71.

In other news, VP Valarie L. Sheppard sold 1,729 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total value of $207,134.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 26,075 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the sale, the insider now owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Insiders sold 1,645,966 shares of company stock valued at $202,229,770 in the last 90 days. Corporate insiders own 1.75% of the company’s stock.

Shares of PG traded down $0.23 during trading hours on Monday, hitting $119.47. 2,649,415 shares of the company were exchanged, compared to its average volume of 7,798,948. The company has a market capitalization of $296.51 billion, a PE ratio of 26.43, a PEG ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The firm has a fifty day simple moving average of $121.95 and a 200-day simple moving average of $115.01. Procter & Gamble Co has a one year low of $86.74 and a one year high of $125.77.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. Sell-side analysts expect that Procter & Gamble Co will post 4.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is currently 65.93%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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