The Procter & Gamble Company (NYSE:PG) is Sky Investment Group LLC’s 9th Largest Position

Sky Investment Group LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,746 shares of the company’s stock after selling 135 shares during the period. Procter & Gamble comprises 2.1% of Sky Investment Group LLC’s portfolio, making the stock its 9th biggest holding. Sky Investment Group LLC’s holdings in Procter & Gamble were worth $11,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Traphagen Investment Advisors LLC grew its position in shares of Procter & Gamble by 8.1% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 4,864 shares of the company’s stock valued at $842,000 after acquiring an additional 365 shares during the period. Home Federal Bank of Tennessee lifted its position in Procter & Gamble by 0.8% during the third quarter. Home Federal Bank of Tennessee now owns 23,515 shares of the company’s stock valued at $4,073,000 after purchasing an additional 197 shares in the last quarter. Calton & Associates Inc. grew its holdings in Procter & Gamble by 38.8% during the third quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $612,000 after purchasing an additional 989 shares during the period. Foundations Investment Advisors LLC increased its position in Procter & Gamble by 9.5% in the third quarter. Foundations Investment Advisors LLC now owns 52,245 shares of the company’s stock worth $9,049,000 after buying an additional 4,543 shares in the last quarter. Finally, Ledyard National Bank lifted its position in shares of Procter & Gamble by 2.0% during the 3rd quarter. Ledyard National Bank now owns 90,667 shares of the company’s stock valued at $15,704,000 after buying an additional 1,797 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 383,194 shares of company stock valued at $65,140,718 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. DA Davidson lifted their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.38 on Tuesday, reaching $169.92. The company’s stock had a trading volume of 2,428,094 shares, compared to its average volume of 6,666,199. The company has a market cap of $401.03 billion, a P/E ratio of 27.76, a PEG ratio of 3.74 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The company has a 50-day simple moving average of $171.82 and a 200 day simple moving average of $167.33.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

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.