Wrapmanager Inc. Purchases 932 Shares of The Procter & Gamble Company (NYSE:PG)

Wrapmanager Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 9.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,274 shares of the company’s stock after buying an additional 932 shares during the quarter. Wrapmanager Inc.’s holdings in Procter & Gamble were worth $1,953,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PG. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $29,000. POM Investment Strategies LLC acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $36,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $44,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson upped their target price on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research note on Monday, September 30th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Trading Up 0.7 %

Shares of PG opened at $170.80 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The firm has a market capitalization of $402.24 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The stock’s fifty day simple moving average is $170.21 and its 200-day simple moving average is $168.45.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share 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 firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. This represents a 87.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,727 shares of company stock valued at $46,014,037. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble 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.