OneDigital Investment Advisors LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,244 shares of the company's stock after selling 6,034 shares during the period. OneDigital Investment Advisors LLC's holdings in Procter & Gamble were worth $14,245,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of PG. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $29,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble during the second quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in Procter & Gamble in the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Procter & Gamble during the second quarter worth about $44,000. Hedge funds and other institutional investors own 65.77% of the company's stock.
NYSE PG opened at $167.08 on Friday. The firm has a market capitalization of $393.48 billion, a PE ratio of 28.81, a P/E/G ratio of 3.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company's 50 day simple moving average is $170.61 and its 200 day simple moving average is $168.28.
Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.
The business 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. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble's dividend payout ratio (DPR) is 69.48%.
In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 9.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on PG shares. Dbs Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 1st. Wolfe Research raised shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. DA Davidson lifted their price target on Procter & Gamble from $159.00 to $160.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a "buy" rating and a $189.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Nine investment 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 data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $177.00.
Get Our Latest Stock Analysis on PG
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.
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