Activest Wealth Management Increases Holdings in The Procter & Gamble Company (NYSE:PG)

Activest Wealth Management boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 65.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 919 shares of the company’s stock after acquiring an additional 364 shares during the quarter. Activest Wealth Management’s holdings in Procter & Gamble were worth $159,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after acquiring an additional 4,035 shares during the period. Radnor Capital Management LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth about $5,705,000. Welch Group LLC raised its stake in Procter & Gamble by 0.9% in the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company’s stock valued at $56,094,000 after purchasing an additional 2,990 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Procter & Gamble by 0.6% during the 3rd quarter. Swiss National Bank now owns 7,005,790 shares of the company’s stock worth $1,213,403,000 after purchasing an additional 39,000 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Procter & Gamble by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock worth $4,420,000 after acquiring an additional 10,777 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

PG traded down $0.52 during trading on Thursday, reaching $170.37. The stock had a trading volume of 275,177 shares, compared to its average volume of 6,645,946. 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 stock has a 50 day moving average of $170.01 and a two-hundred day moving average of $168.51. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm has a market capitalization of $401.23 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 14,034 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $169.78, for a total transaction of $2,382,692.52. Following the sale, the chief operating officer now directly owns 9,856 shares in the company, valued at $1,673,351.68. This trade represents a 58.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,727 shares of company stock worth $29,694,037 over the last three months. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Evercore ISI increased their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

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.