Procter & Gamble Company (The) $PG Stake Reduced by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 45.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,512 shares of the company’s stock after selling 357,017 shares during the period. Mawer Investment Management Ltd.’s holdings in Procter & Gamble were worth $62,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisory LLC lifted its position in Procter & Gamble by 2.5% during the 3rd quarter. Cornerstone Advisory LLC now owns 12,634 shares of the company’s stock worth $1,836,000 after buying an additional 314 shares in the last quarter. Wellington Grp LLC boosted its stake in shares of Procter & Gamble by 32.7% during the 3rd quarter. Wellington Grp LLC now owns 11,229 shares of the company’s stock worth $1,631,000 after buying an additional 2,765 shares during the last quarter. Purkiss Capital Advisors LLC boosted its stake in shares of Procter & Gamble by 4.2% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 7,508 shares of the company’s stock worth $1,091,000 after buying an additional 300 shares during the last quarter. Bernicke Wealth Management Ltd. bought a new position in shares of Procter & Gamble in the 3rd quarter valued at about $1,464,000. Finally, Diversified Trust Co grew its holdings in shares of Procter & Gamble by 20.0% in the 3rd quarter. Diversified Trust Co now owns 66,520 shares of the company’s stock valued at $9,664,000 after acquiring an additional 11,100 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Procter & Gamble

Investors following PG have been watching these headlines:

• Positive Sentiment: P&G’s latest quarter beat expectations: earnings were $2.00 per share versus $1.89 expected, and revenue was $23.28 billion versus $22.80 billion expected, up 4% year over year. The results have helped lift shares toward a 52-week high. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
• Negative Sentiment: Higher oil prices and shrinking margins are cited as risks to the rally, potentially offsetting volume-led growth. Investors will look for management’s strategy and outlook at its upcoming Investor Day. Article: P&G Dividend and Price Target
• Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares for about $379,000, reducing his direct ownership by 20.06% to 8,968 shares. The sale may draw attention, although a single transaction does not establish a change in the company’s outlook. SEC Form 4 filing

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. UBS Group set a $166.00 target price on Procter & Gamble in a research report on Friday, October 23rd. Citigroup increased their price target on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. HSBC downgraded Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the company from $182.00 to $149.00 in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $170.57.

Insider Activity

In other news, CEO Juliana Azevedo sold 5,370 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $907,530.00. Following the transaction, the chief executive officer owned 21,361 shares of the company’s stock, valued at approximately $3,610,009. This represents a 20.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $164.43, for a total value of $3,093,257.16. Following the completion of the transaction, the insider directly owned 55,243 shares in the company, valued at $9,083,606.49. The trade was a 25.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 200,006 shares of company stock valued at $32,715,058. Company insiders own 0.23% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded up $1.81 during trading hours on Friday, hitting $169.84. The company had a trading volume of 6,941,459 shares, compared to its average volume of 10,402,722. The business has a fifty day moving average of $154.26 and a 200-day moving average of $149.93. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market cap of $393.65 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 4.13 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.73.

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

Procter & Gamble Dividend Announcement

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

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.