Accredited Investors Inc. Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Accredited Investors Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,219 shares of the company’s stock after buying an additional 486 shares during the quarter. Accredited Investors Inc.’s holdings in Procter & Gamble were worth $2,116,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the 2nd quarter worth $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $29,000. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble in the second quarter worth about $34,000. Quest Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 10,623 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $1,797,624.06. Following the completion of the transaction, the chief operating officer now owns 23,890 shares in the company, valued at approximately $4,042,665.80. This trade represents a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,597 shares of company stock worth $53,268,499. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 1.5 %

Shares of NYSE PG opened at $169.54 on Friday. The company has a market cap of $399.27 billion, a PE ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s 50 day moving average price is $170.32 and its 200-day moving average price is $168.36. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the business posted $1.83 EPS. The company’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PG. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.