The Procter & Gamble Company (NYSE:PG) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,357 shares of the company’s stock after selling 5,920 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Procter & Gamble were worth $9,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Horizons Wealth Management acquired a new position in Procter & Gamble in the second quarter valued at about $52,000. Belmont Capital LLC increased its stake in Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares during the period. New Millennium Group LLC purchased a new stake in Procter & Gamble during the second quarter worth about $81,000. Newfound Research LLC increased its stake in Procter & Gamble by 79.4% during the third quarter. Newfound Research LLC now owns 601 shares of the company’s stock worth $76,000 after purchasing an additional 266 shares during the period. Finally, Spartan Planning & Wealth Management increased its stake in Procter & Gamble by 14.7% during the third quarter. Spartan Planning & Wealth Management now owns 701 shares of the company’s stock worth $88,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $139.26 on Monday. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The stock has a market cap of $328.53 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.88 and a beta of 0.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The firm has a fifty day moving average price of $145.53 and a 200 day moving average price of $141.35.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the previous year, the company earned $1.66 earnings per share. Procter & Gamble’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a $0.9133 dividend. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.62%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Raymond James boosted their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $141.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, January 13th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.47.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.