The Procter & Gamble Company (NYSE:PG) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 90.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,545 shares of the company’s stock after selling 140,155 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Procter & Gamble were worth $2,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. China Universal Asset Management Co. Ltd. grew its stake in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after purchasing an additional 1,657 shares in the last quarter. Quent Capital LLC boosted its position in shares of Procter & Gamble by 2.0% during the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after acquiring an additional 206 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of Procter & Gamble by 10.7% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,535 shares of the company’s stock worth $411,000 after acquiring an additional 245 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of Procter & Gamble by 1.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 44,016 shares of the company’s stock worth $7,142,000 after acquiring an additional 424 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its position in shares of Procter & Gamble by 94.8% during the 1st quarter. Transcendent Capital Group LLC now owns 411 shares of the company’s stock worth $67,000 after acquiring an additional 200 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their target price on Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Nine equities 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.00.

Procter & Gamble Stock Performance

Shares of PG stock opened at $176.26 on Friday. The company has a market cap of $415.10 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. The stock has a 50 day simple moving average of $170.04 and a 200-day simple moving average of $168.62. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. 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 the consensus estimate of $21.99 billion. During the same period last year, the business posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now owns 300,777 shares in the company, valued at approximately $51,252,400.80. This represents a 22.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,693 shares of company stock valued at $27,311,345 in the last ninety days. Corporate 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.