The Procter & Gamble Company (NYSE:PG) Holdings Reduced by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lessened its stake in The Procter & Gamble Company (NYSE:PG) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,747 shares of the company’s stock after selling 1,000 shares during the quarter. Procter & Gamble accounts for about 3.2% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 6th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Procter & Gamble were worth $8,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble during the second quarter worth about $28,000. Fairway Wealth LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at about $33,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $34,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble during the second quarter worth about $36,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,080 shares of company stock worth $14,629,038. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PG shares. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research report on Monday, September 30th. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $209.00 in a report on Monday, November 25th. Finally, Morgan Stanley lifted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Stock Down 0.1 %

NYSE PG traded down $0.17 during mid-day trading on Friday, reaching $170.68. 631,378 shares of the company’s stock traded hands, compared to its average volume of 6,672,990. The company has a fifty day simple moving average of $170.69 and a 200-day simple moving average of $169.51. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $180.43. The company has a market cap of $401.96 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 3.69 and a beta of 0.44. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.