Daiwa Securities Group Inc. Purchases 13,576 Shares of The Procter & Gamble Company (NYSE:PG)

Daiwa Securities Group Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 383,840 shares of the company’s stock after buying an additional 13,576 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Procter & Gamble were worth $66,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PG. Acorn Creek Capital LLC increased its position in Procter & Gamble by 2.8% during the third quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock worth $376,000 after acquiring an additional 59 shares during the period. Patrick M Sweeney & Associates Inc. grew its position in Procter & Gamble by 1.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock worth $963,000 after purchasing an additional 59 shares during the last quarter. Hudson Value Partners LLC increased its holdings in shares of Procter & Gamble by 4.1% during the 2nd quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock worth $250,000 after purchasing an additional 60 shares during the period. Traveka Wealth LLC lifted its stake in shares of Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock valued at $616,000 after buying an additional 60 shares during the period. Finally, Fiduciary Alliance LLC grew its position in Procter & Gamble by 2.8% during the second quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock worth $371,000 after buying an additional 61 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday. DA Davidson reissued a “neutral” rating and issued a $160.00 price target on shares of Procter & Gamble in a report on Wednesday. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Nine equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 87,979 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $51,252,400.80. The trade was a 22.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,693 shares of company stock worth $27,311,345 over the last 90 days. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $176.28 on Friday. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The stock has a 50-day simple moving average of $170.04 and a 200 day simple moving average of $168.64. 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 market capitalization of $415.15 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 3.74 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.28%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

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.