Janney Capital Management LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

Janney Capital Management LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 21.4% in the 3rd quarter, Holdings Channel reports. The firm owned 90,915 shares of the company’s stock after buying an additional 16,024 shares during the quarter. Procter & Gamble accounts for 1.1% of Janney Capital Management LLC’s holdings, making the stock its 28th largest position. Janney Capital Management LLC’s holdings in Procter & Gamble were worth $15,747,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PG. Optas LLC lifted its holdings in shares of Procter & Gamble by 5.8% during the 3rd quarter. Optas LLC now owns 5,526 shares of the company’s stock worth $957,000 after acquiring an additional 305 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of Procter & Gamble by 17.2% during the third quarter. Clear Creek Financial Management LLC now owns 5,294 shares of the company’s stock valued at $917,000 after purchasing an additional 778 shares during the period. Princeton Global Asset Management LLC boosted its position in Procter & Gamble by 6.1% during the 3rd quarter. Princeton Global Asset Management LLC now owns 27,558 shares of the company’s stock valued at $4,773,000 after buying an additional 1,576 shares during the period. First Interstate Bank boosted its holdings in shares of Procter & Gamble by 3.4% during the third quarter. First Interstate Bank now owns 8,079 shares of the company’s stock worth $1,399,000 after purchasing an additional 266 shares during the period. Finally, BluePath Capital Management LLC grew its position in shares of Procter & Gamble by 18.1% in the 3rd quarter. BluePath Capital Management LLC now owns 6,138 shares of the company’s stock worth $1,063,000 after buying an additional 939 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Morgan Stanley increased their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Thursday, August 29th. Nine investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Trading Down 0.0 %

Shares of PG stock opened at $165.10 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The stock has a fifty day simple moving average of $171.62 and a two-hundred day simple moving average of $167.99. The firm has a market capitalization of $388.82 billion, a PE ratio of 28.47, a PEG ratio of 3.57 and a beta of 0.42.

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 the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.83 earnings per share. On average, analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Balaji Purushothaman sold 12,800 shares of the 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 sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. 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 389,144 shares of company stock worth $66,184,385 in the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.