The Procter & Gamble Company (NYSE:PG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 3,320,324 shares of the company’s stock after selling 176,718 shares during the period. Procter & Gamble makes up about 0.8% of New York State Common Retirement Fund’s portfolio, making the stock its 16th largest holding. New York State Common Retirement Fund’s holdings in Procter & Gamble were worth $575,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valued Wealth Advisors LLC grew its position in Procter & Gamble by 11.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after buying an additional 61 shares in the last quarter. Hills Bank & Trust Co raised its position in shares of Procter & Gamble by 2.9% during the 3rd quarter. Hills Bank & Trust Co now owns 117,084 shares of the company’s stock worth $20,279,000 after buying an additional 3,249 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Procter & Gamble by 12.9% in the third quarter. Focus Financial Network Inc. now owns 26,133 shares of the company’s stock valued at $4,526,000 after acquiring an additional 2,990 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Procter & Gamble by 5.8% during the third quarter. Principal Securities Inc. now owns 28,627 shares of the company’s stock valued at $4,958,000 after acquiring an additional 1,579 shares during the period. Finally, Norris Perne & French LLP MI raised its holdings in Procter & Gamble by 58.9% during the third quarter. Norris Perne & French LLP MI now owns 4,744 shares of the company’s stock worth $822,000 after purchasing an additional 1,759 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded up $0.83 on Friday, reaching $166.01. 366,298 shares of the stock traded hands, compared to its average volume of 6,622,365. The stock’s 50-day moving average price is $171.70 and its 200-day moving average price is $167.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market cap of $390.96 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.59 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced 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. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now 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. Insiders have sold a total of 389,144 shares of company stock worth $66,184,385 in the last three months. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several research reports. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. TD Cowen began coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Stifel Nicolaus increased their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average 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.