Sunburst Financial Group LLC Has $3.42 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Sunburst Financial Group LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,744 shares of the company’s stock after selling 125 shares during the quarter. Procter & Gamble makes up about 0.9% of Sunburst Financial Group LLC’s holdings, making the stock its 23rd biggest position. Sunburst Financial Group LLC’s holdings in Procter & Gamble were worth $3,420,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PG. BKM Wealth Management LLC raised its stake in Procter & Gamble by 7.1% during the 1st quarter. BKM Wealth Management LLC now owns 17,248 shares of the company’s stock valued at $2,798,000 after purchasing an additional 1,137 shares during the last quarter. HFG Advisors Inc. raised its position in Procter & Gamble by 12.5% in the 1st quarter. HFG Advisors Inc. now owns 18,103 shares of the company’s stock valued at $2,937,000 after purchasing an additional 2,018 shares during the last quarter. Kowal Investment Group LLC increased its position in Procter & Gamble by 4.5% in the 1st quarter. Kowal Investment Group LLC now owns 15,106 shares of the company’s stock valued at $2,451,000 after acquiring an additional 646 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Procter & Gamble by 5.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 62,312 shares of the company’s stock worth $10,110,000 after buying an additional 2,949 shares in the last quarter. Finally, Talbot Financial LLC increased its position in Procter & Gamble by 1.5% in the first quarter. Talbot Financial LLC now owns 65,600 shares of the company’s stock worth $10,644,000 after purchasing an additional 950 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PG shares. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Thursday, August 29th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Morgan Stanley boosted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Citigroup raised their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Nine 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 stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Stock Up 0.0 %

NYSE:PG traded up $0.06 during trading hours on Wednesday, hitting $167.23. The stock had a trading volume of 1,029,462 shares, compared to its average volume of 6,633,476. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $171.88 and a two-hundred day simple moving average of $167.87. The company has a market cap of $393.83 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 397,986 shares of company stock valued at $67,642,430 over the last three months. Company insiders own 0.18% of the company’s stock.

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.