Van ECK Associates Corp Sells 1,079 Shares of The Procter & Gamble Company (NYSE:PG)

Van ECK Associates Corp cut its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,870 shares of the company’s stock after selling 1,079 shares during the period. Van ECK Associates Corp’s holdings in Procter & Gamble were worth $1,751,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PG. Win Advisors Inc. raised its position in Procter & Gamble by 91.5% during the 2nd quarter. Win Advisors Inc. now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 86 shares during the last quarter. Belmont Capital LLC raised its position in Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares during the last quarter. Horizons Wealth Management bought a new position in Procter & Gamble during the 2nd quarter worth $52,000. Goodman Advisory Group LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $66,000. Finally, Newfound Research LLC grew its holdings in Procter & Gamble by 79.4% during the 3rd quarter. Newfound Research LLC now owns 601 shares of the company’s stock worth $76,000 after acquiring an additional 266 shares during the period. 62.13% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

PG stock opened at $150.88 on Friday. The company has a market capitalization of $359.92 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 4.29 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.41 and a current ratio of 0.62. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $165.35. The business has a 50-day simple moving average of $148.29 and a two-hundred day simple moving average of $142.00.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.02. The business had revenue of $20.61 billion during the quarter, compared to the consensus estimate of $20.37 billion. Procter & Gamble had a return on equity of 32.66% and a net margin of 18.11%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. Research analysts expect that The Procter & Gamble Company will post 5.83 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th will be paid a dividend of $0.9133 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.26%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. The Goldman Sachs Group downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 price target for the company. in a report on Sunday, October 9th. Morgan Stanley decreased their price target on Procter & Gamble from $177.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, October 4th. UBS Group decreased their price target on Procter & Gamble from $153.00 to $135.00 in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. Finally, Barclays raised their target price on Procter & Gamble from $139.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, October 20th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.43.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the transaction, the chief executive officer now owns 12,312 shares of the company’s stock, valued at approximately $1,785,240. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the transaction, the chief executive officer now owns 12,312 shares of the company’s stock, valued at approximately $1,785,240. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 33,968 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the completion of the sale, the chief executive officer now directly owns 38,990 shares in the company, valued at approximately $5,358,785.60. The disclosure for this sale can be found here. Insiders have sold a total of 58,812 shares of company stock valued at $8,190,363 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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