Procter & Gamble Company (The) $PG Stock: Machina Capital S.A.S. Boosts Holdings

Machina Capital S.A.S. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 27.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,415 shares of the company’s stock after acquiring an additional 8,034 shares during the period. Procter & Gamble comprises 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 17th largest position. Machina Capital S.A.S.’s holdings in Procter & Gamble were worth $5,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baxter Bros Inc. bought a new position in Procter & Gamble during the 2nd quarter worth $12,381,000. Empowered Funds LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $53,549,000. Capstone Capital Management Ltd bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $991,000. Bank of America Corp DE bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $3,850,628,000. Finally, Rokos Capital Management LLP acquired a new stake in shares of Procter & Gamble in the first quarter valued at about $29,914,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PG shares. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. BNP Paribas Exane upped their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. UBS Group set a $166.00 target price on shares of Procter & Gamble in a research report on Friday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Deutsche Bank restated a “buy” rating on shares of Procter & Gamble in a report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Stock Performance

Shares of PG opened at $167.79 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $153.39 and its two-hundred day simple moving average is $149.73. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. The stock has a market capitalization of $388.91 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 4.15 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.99 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Victor Aguilar sold 18,812 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $164.43, for a total value of $3,093,257.16. Following the completion of the sale, the insider directly owned 55,243 shares in the company, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew Janzaruk sold 9,479 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $207,173. This trade represents a 88.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 197,756 shares of company stock valued at $32,336,001 in the last 90 days. Company insiders own 0.23% of the company’s stock.

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.