The Procter & Gamble Company (NYSE:PG) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,065 shares of the company’s stock after selling 76 shares during the quarter. Redwood Investment Management LLC’s holdings in Procter & Gamble were worth $531,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the second quarter worth $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $33,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, Quest Partners LLC acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $36,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.2 %

Shares of Procter & Gamble stock opened at $173.83 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $180.43. The business has a 50-day moving average of $170.75 and a 200-day moving average of $169.34. The company has a market capitalization of $409.38 billion, a PE ratio of 29.97, a P/E/G ratio of 3.78 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the company posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,080 shares of company stock valued at $14,629,038. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.45.

About Procter & Gamble

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.