Freedom Investment Management Inc. Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Freedom Investment Management Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 29.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,024 shares of the company’s stock after selling 4,606 shares during the period. Freedom Investment Management Inc.’s holdings in Procter & Gamble were worth $1,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble in the 2nd quarter worth $34,000. Quest Partners LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Procter & Gamble during the second quarter valued at about $44,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 269,172 shares in the company, valued at $46,203,373.80. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,233 shares of company stock valued at $6,024,234 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.0 %

NYSE:PG opened at $179.34 on Thursday. The firm has a 50-day simple moving average of $170.22 and a 200-day simple moving average of $168.90. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. The firm has a market cap of $422.35 billion, a P/E ratio of 30.92, a P/E/G ratio of 3.82 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.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. DA Davidson raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the company from $160.00 to $209.00 in a research note on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

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.