Procter & Gamble Company (The) $PG Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,045,715 shares of the company’s stock after selling 31,283 shares during the quarter. King Luther Capital Management Corp’s holdings in Procter & Gamble were worth $151,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $26,000. Montgomery Financial Services LLC bought a new position in shares of Procter & Gamble during the second quarter worth approximately $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $29,000. Evergreen Advisors LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at approximately $37,000. Finally, Toews Corp ADV acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $167.79 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. The firm has a market cap of $388.91 billion, a P/E ratio of 25.27, a P/E/G ratio of 4.15 and a beta of 0.36. The company’s 50-day moving average price is $153.39 and its two-hundred day moving average price is $149.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter in the prior year, the firm posted $1.99 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CAO Matthew Janzaruk sold 9,479 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at $207,173. This represents a 88.18% 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. Also, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $164.43, for a total value of $3,093,257.16. Following the sale, the insider owned 55,243 shares of the company’s stock, valued at $9,083,606.49. The trade was a 25.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 197,756 shares of company stock valued at $32,336,001. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. DZ Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Wells Fargo & Company lifted their price objective on Procter & Gamble from $164.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research report on Monday, August 24th. Finally, Freedom Broker raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

About Procter & Gamble

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.