Diversified Trust Co Acquires 11,100 Shares of Procter & Gamble Company (The) $PG

Diversified Trust Co grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 66,520 shares of the company’s stock after buying an additional 11,100 shares during the period. Diversified Trust Co’s holdings in Procter & Gamble were worth $9,664,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baxter Bros Inc. acquired a new position in Procter & Gamble during the 2nd quarter worth approximately $12,381,000. Allspring Global Investments Holdings LLC raised its stake in shares of Procter & Gamble by 11.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 305,774 shares of the company’s stock worth $44,016,000 after buying an additional 32,100 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $53,549,000. Capstone Capital Management Ltd acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $991,000. Finally, Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $3,850,628,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.1%

NYSE PG opened at $169.84 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.73. The company has a 50-day moving average of $154.26 and a 200-day moving average of $149.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The company has a market cap of $393.65 billion, a P/E ratio of 25.58, a P/E/G ratio of 4.13 and a beta of 0.36.

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, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same period last year, the company earned $1.99 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 payout ratio is currently 65.51%.

Insider Buying and Selling at Procter & Gamble

In other news, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the completion of the sale, the chief financial officer directly owned 65,618 shares in the company, valued at $11,089,442. This represents a 31.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Juliana Azevedo sold 5,370 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $907,530.00. Following the completion of the transaction, the chief executive officer directly owned 21,361 shares in the company, valued at $3,610,009. This trade represents a 20.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 200,006 shares of company stock worth $32,715,058. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BNP Paribas Exane upped their price objective on Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Citigroup raised 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. Freedom Broker upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Friday, October 23rd. Argus cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Procter & Gamble in a report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

Trending Headlines about Procter & Gamble

Investors following PG have been watching these headlines:

• Positive Sentiment: P&G’s latest quarter beat expectations: earnings were $2.00 per share versus $1.89 expected, and revenue was $23.28 billion versus $22.80 billion expected, up 4% year over year. The results have helped lift shares toward a 52-week high. Article: Procter & Gamble 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: Higher oil prices and shrinking margins are cited as risks to the rally, potentially offsetting volume-led growth. Investors will look for management’s strategy and outlook at its upcoming Investor Day. Article: P&G Dividend and Price Target

Procter & Gamble Company Profile

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.