Gladstone Institutional Advisory LLC Buys 1,920 Shares of The Procter & Gamble Company (NYSE:PG)

Gladstone Institutional Advisory LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,468 shares of the company’s stock after acquiring an additional 1,920 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Procter & Gamble were worth $6,143,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Welch Group LLC grew its holdings in shares of Procter & Gamble by 0.9% in the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company’s stock worth $56,094,000 after purchasing an additional 2,990 shares during the last quarter. GAMMA Investing LLC grew its stake in Procter & Gamble by 67.2% during the second quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock worth $4,420,000 after buying an additional 10,777 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after buying an additional 1,466,115 shares in the last quarter. Octavia Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 51.3% in the second quarter. Octavia Wealth Advisors LLC now owns 59,647 shares of the company’s stock valued at $9,837,000 after acquiring an additional 20,218 shares during the last quarter. Finally, Mystic Asset Management Inc. raised its stake in shares of Procter & Gamble by 4.1% in the first quarter. Mystic Asset Management Inc. now owns 10,107 shares of the company’s stock valued at $1,640,000 after acquiring an additional 402 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.5 %

Procter & Gamble stock traded up $0.78 during mid-day trading on Friday, hitting $165.96. 1,280,392 shares of the company’s stock were exchanged, compared to its average volume of 6,626,676. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. 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 firm has a market capitalization of $390.84 billion, a P/E ratio of 28.60, a PEG ratio of 3.59 and a beta of 0.41. The company’s 50 day simple moving average is $171.70 and its 200-day simple moving average is $167.84.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the previous year, the business posted $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 10,623 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the transaction, the chief operating officer now owns 23,890 shares of the company’s stock, valued at $4,042,665.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 389,144 shares of company stock worth $66,184,385. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PG shares. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $177.00.

About Procter & Gamble

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.