The Procter & Gamble Company (NYSE:PG) Shares Bought by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA lifted its stake in The Procter & Gamble Company (NYSE:PG) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,574 shares of the company’s stock after buying an additional 152 shares during the period. First Commonwealth Financial Corp PA’s holdings in Procter & Gamble were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PG. China Universal Asset Management Co. Ltd. increased its stake in Procter & Gamble by 5.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock valued at $5,192,000 after buying an additional 1,657 shares during the period. Quent Capital LLC raised its stake in shares of Procter & Gamble by 2.0% during the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after buying an additional 206 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 259.1% in the 1st quarter. iA Global Asset Management Inc. now owns 79,012 shares of the company’s stock valued at $12,820,000 after buying an additional 57,007 shares during the period. Montchanin Asset Management LLC purchased a new stake in shares of Procter & Gamble in the first quarter valued at approximately $550,000. Finally, National Wealth Management Group LLC grew its holdings in Procter & Gamble by 2.8% during the first quarter. National Wealth Management Group LLC now owns 11,670 shares of the company’s stock worth $1,893,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. DA Davidson raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $209.00 in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction 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 transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. The trade was 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 35,233 shares of company stock valued at $6,024,234. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.1 %

NYSE PG traded up $0.09 on Wednesday, hitting $179.40. 811,377 shares of the stock traded hands, compared to its average volume of 6,717,025. The company has a market capitalization of $422.49 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42. The stock has a 50-day moving average of $170.11 and a 200 day moving average of $168.83. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $180.12.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the company posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a dividend yield of 2.24%. Procter & Gamble’s payout ratio is currently 69.48%.

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.