Red Door Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 17,020 shares of the company’s stock after acquiring an additional 119 shares during the quarter. The Procter & Gamble makes up 1.7% of Red Door Wealth Management LLC’s holdings, making the stock its 16th largest holding. Red Door Wealth Management LLC’s holdings in The Procter & Gamble were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Costello Asset Management INC acquired a new position in The Procter & Gamble during the second quarter valued at $35,000. FAI Wealth Management boosted its position in The Procter & Gamble by 203.0% during the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares during the period. Estate Counselors LLC purchased a new position in The Procter & Gamble during the 2nd quarter valued at about $47,000. Barnett & Company Inc. increased its holdings in shares of The Procter & Gamble by 23.4% in the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares during the period. Finally, Lountzis Asset Management LLC purchased a new stake in shares of The Procter & Gamble in the second quarter worth approximately $58,000. Institutional investors and hedge funds own 62.81% of the company’s stock.

Shares of PG stock opened at $144.39 on Friday. The stock’s 50 day simple moving average is $138.93 and its 200 day simple moving average is $125.52. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The company has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $16.97 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts forecast that The Procter & Gamble Company will post 5.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $0.7907 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 annualized dividend and a yield of 2.19%. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In other news, VP Valarie L. Sheppard sold 14,800 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the completion of the transaction, the vice president now directly owns 39,929 shares in the company, valued at $5,190,770. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 4,688 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the sale, the vice president now directly owns 26,704 shares of the company’s stock, valued at $3,692,629.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,757 shares of company stock valued at $36,738,374. Company insiders own 0.70% of the company’s stock.

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Barclays reaffirmed a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Morgan Stanley boosted their target price on The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, October 5th. Finally, SunTrust Banks raised their price target on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Procter & Gamble currently has a consensus rating of “Buy” and a consensus target price of $137.87.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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