Portland Global Advisors LLC Purchases 175 Shares of The Procter & Gamble Company (NYSE:PG)

Portland Global Advisors LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,997 shares of the company’s stock after buying an additional 175 shares during the quarter. Portland Global Advisors LLC’s holdings in Procter & Gamble were worth $1,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paragon Wealth Strategies LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $33,000. KB Financial Partners LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at about $41,000. Monumental Financial Group Inc. acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $47,000. Aspire Private Capital LLC lifted its stake in shares of Procter & Gamble by 85.3% in the 1st quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after purchasing an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $60,000. 62.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on PG shares. Erste Group raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, August 20th. Evercore ISI reaffirmed a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a research note on Sunday, September 12th. Berenberg Bank reaffirmed a “hold” rating and set a $146.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 20th. Bank of America started coverage on Procter & Gamble in a research note on Tuesday, October 5th. They set a “buy” rating on the stock. Finally, Citigroup upped their price target on Procter & Gamble from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Monday, August 2nd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $149.41.

In other Procter & Gamble news, CEO Gary A. Coombe sold 15,000 shares of the stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $148.07, for a total transaction of $2,221,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David S. Taylor sold 50,000 shares of the stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $146.00, for a total value of $7,300,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,000 shares of company stock valued at $49,033,160. 0.51% of the stock is currently owned by corporate insiders.

PG traded down $1.16 during midday trading on Wednesday, reaching $148.28. 55,791 shares of the company were exchanged, compared to its average volume of 7,668,993. The company has a market cap of $358.83 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67. The company’s fifty day moving average price is $143.46 and its 200 day moving average price is $140.54. The Procter & Gamble Company has a one year low of $121.54 and a one year high of $149.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.87 billion. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. Procter & Gamble’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Friday, October 22nd were issued a $0.8698 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, October 21st. Procter & Gamble’s dividend payout ratio is presently 63.62%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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