Intercontinental Wealth Advisors LLC raised its stake in shares of Procter & Gamble Co (NYSE:PG) by 286.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,930 shares of the company’s stock after purchasing an additional 2,171 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Procter & Gamble were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PG. D Orazio & Associates Inc. boosted its stake in shares of Procter & Gamble by 3.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after buying an additional 98 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Procter & Gamble by 104.5% in the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after buying an additional 12,038 shares during the last quarter. Homrich & Berg boosted its stake in shares of Procter & Gamble by 1.1% in the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after buying an additional 1,291 shares during the last quarter. Bellecapital International Ltd. boosted its stake in shares of Procter & Gamble by 19.0% in the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after buying an additional 1,025 shares during the last quarter. Finally, First National Bank of South Miami boosted its stake in shares of Procter & Gamble by 5.1% in the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock worth $823,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

A number of brokerages have recently weighed in on PG. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Credit Suisse Group upped their price objective on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus set a $117.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and a consensus target price of $108.95.

PG stock traded up $1.05 during midday trading on Wednesday, reaching $121.98. 3,789,330 shares of the company’s stock traded hands, compared to its average volume of 7,865,646. The company has a 50-day moving average price of $121.71 and a two-hundred day moving average price of $112.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $125.36. The firm has a market capitalization of $310.33 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, analysts predict that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The company also recently declared 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. This represents a $2.98 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is currently 65.93%.

In other news, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the transaction, the vice president now owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mary Theresa Grabowski sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $119.32, for a total transaction of $238,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 448,674 shares of company stock worth $53,197,461. Insiders own 1.75% of the company’s stock.

Procter & Gamble 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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