Sweet Financial Partners LLC Has $2.97 Million Position in The Procter & Gamble Company (NYSE:PG)

Sweet Financial Partners LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,160 shares of the company’s stock after selling 306 shares during the period. Sweet Financial Partners LLC’s holdings in Procter & Gamble were worth $2,972,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PG. Alaska Permanent Fund Corp boosted its holdings in Procter & Gamble by 2.0% during the 1st quarter. Alaska Permanent Fund Corp now owns 114,290 shares of the company’s stock worth $18,544,000 after acquiring an additional 2,236 shares during the last quarter. Stolper Co grew its position in Procter & Gamble by 1.3% in the 1st quarter. Stolper Co now owns 12,344 shares of the company’s stock worth $2,003,000 after purchasing an additional 157 shares in the last quarter. Ellenbecker Investment Group increased its stake in Procter & Gamble by 4.0% in the 1st quarter. Ellenbecker Investment Group now owns 2,429 shares of the company’s stock valued at $394,000 after buying an additional 94 shares during the last quarter. Montecito Bank & Trust lifted its position in shares of Procter & Gamble by 16.0% during the 1st quarter. Montecito Bank & Trust now owns 24,106 shares of the company’s stock worth $3,911,000 after buying an additional 3,323 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Procter & Gamble by 22.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 5,451 shares of the company’s stock worth $884,000 after buying an additional 994 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.1 %

NYSE PG opened at $172.24 on Friday. The firm has a market cap of $406.51 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The stock has a 50-day moving average of $171.75 and a 200-day moving average of $167.04. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is 65.69%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $176.21.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 7,007 shares of the business’s stock in a transaction dated 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 in the company, valued at $46,203,373.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares in the company, valued at $46,203,373.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,194 shares of company stock worth $65,140,718. Company insiders own 0.17% of the company’s stock.

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.