Amalgamated Bank Purchases 8,836 Shares of The Procter & Gamble Company (NYSE:PG)

Amalgamated Bank raised its position in The Procter & Gamble Company (NYSE:PG) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 492,107 shares of the company’s stock after acquiring an additional 8,836 shares during the quarter. Procter & Gamble makes up 0.7% of Amalgamated Bank’s portfolio, making the stock its 19th biggest holding. Amalgamated Bank’s holdings in Procter & Gamble were worth $85,233,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PG. Clarity Financial LLC raised its stake in shares of Procter & Gamble by 8.6% in the third quarter. Clarity Financial LLC now owns 110,482 shares of the company’s stock worth $19,135,000 after buying an additional 8,774 shares during the period. United Advisor Group LLC raised its stake in shares of Procter & Gamble by 60.2% in the third quarter. United Advisor Group LLC now owns 21,057 shares of the company’s stock worth $3,647,000 after buying an additional 7,912 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Procter & Gamble by 759.5% in the third quarter. Greenwood Capital Associates LLC now owns 23,714 shares of the company’s stock worth $4,107,000 after buying an additional 20,955 shares during the period. FSM Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 7.4% in the third quarter. FSM Wealth Advisors LLC now owns 4,876 shares of the company’s stock worth $845,000 after buying an additional 337 shares during the period. Finally, Quintet Private Bank Europe S.A. raised its stake in shares of Procter & Gamble by 15.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 426,820 shares of the company’s stock worth $73,925,000 after buying an additional 55,620 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,771 shares of company stock valued at $65,610,975 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PG. Stifel Nicolaus increased their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Citigroup increased their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Price Performance

Shares of PG stock opened at $165.08 on Tuesday. 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 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a market capitalization of $388.77 billion, a P/E ratio of 28.46, a P/E/G ratio of 3.57 and a beta of 0.42. The stock has a 50 day moving average price of $171.52 and a 200 day moving average price of $168.13.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the company earned $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

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.