Procter & Gamble Company (The) $PG Shares Purchased by True Freedom Investing LLC

True Freedom Investing LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 9.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,195 shares of the company’s stock after acquiring an additional 3,404 shares during the period. True Freedom Investing LLC’s holdings in Procter & Gamble were worth $5,549,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Procter & Gamble during the second quarter valued at approximately $27,862,105,000. State Street Corp grew its stake in shares of Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after buying an additional 965,461 shares during the last quarter. Bank of America Corp DE bought a new position in Procter & Gamble during the 2nd quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp bought a new position in Procter & Gamble during the 2nd quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP raised its stake in Procter & Gamble by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after buying an additional 300,280 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Paul Gama sold 4,331 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $161.27, for a total value of $698,460.37. Following the completion of the sale, the chief executive officer directly owned 46,793 shares of the company’s stock, valued at approximately $7,546,307.11. This represents a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shailesh Jejurikar sold 35,000 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the completion of the sale, the chief executive officer owned 55,391 shares of the company’s stock, valued at $9,033,718.19. The trade was a 38.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,647 shares of company stock valued at $9,268,508 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Bank of America cut their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Friday, October 23rd. Citigroup upped their price objective on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley increased their target price on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research note 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, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

Procter & Gamble Trading Down 0.1%

NYSE:PG opened at $161.42 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a market cap of $374.14 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a 50 day simple moving average of $149.99 and a two-hundred day simple moving average of $148.94.

Procter & Gamble (NYSE:PG) last announced 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. The business had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.99 earnings per share. Research analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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 $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.51%.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.