The Procter & Gamble Company (NYSE:PG) Shares Sold by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,000 shares of the company’s stock after selling 133 shares during the period. Delos Wealth Advisors LLC’s holdings in Procter & Gamble were worth $173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock worth $639,730,000 after purchasing an additional 3,674,286 shares during the last quarter. Wulff Hansen & CO. boosted its stake in shares of Procter & Gamble by 16,292.0% during the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after buying an additional 3,653,477 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Procter & Gamble in the 3rd quarter valued at about $301,950,000. AMF Tjanstepension AB raised its stake in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the last quarter. Finally, Icon Wealth Advisors LLC lifted its position in Procter & Gamble by 4,621.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,285,923 shares of the company’s stock worth $222,722,000 after acquiring an additional 1,258,690 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PG shares. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, August 29th. Morgan Stanley raised their target price 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. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. DA Davidson raised Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $209.00 in a report on Monday, November 25th. Finally, Wells Fargo & Company increased their target price on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. This represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock valued at $14,629,038 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 1.3 %

Shares of PG opened at $173.82 on Friday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $170.76 and a 200-day simple moving average of $169.39. The stock has a market cap of $409.35 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 3.77 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 earnings per share. Equities analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.31%.

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.