Occidental Asset Management LLC Acquires 979 Shares of The Procter & Gamble Company (NYSE:PG)

Occidental Asset Management LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 31.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,067 shares of the company’s stock after purchasing an additional 979 shares during the period. Occidental Asset Management LLC’s holdings in Procter & Gamble were worth $704,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Procter & Gamble by 44.7% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 46,233 shares of the company’s stock worth $8,008,000 after purchasing an additional 14,290 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in Procter & Gamble by 0.7% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company’s stock valued at $1,507,000 after purchasing an additional 61 shares in the last quarter. Iams Wealth Management LLC raised its holdings in Procter & Gamble by 9.8% in the third quarter. Iams Wealth Management LLC now owns 12,262 shares of the company’s stock worth $2,124,000 after buying an additional 1,094 shares during the last quarter. Creative Planning lifted its stake in shares of Procter & Gamble by 3.5% in the third quarter. Creative Planning now owns 1,393,443 shares of the company’s stock worth $241,344,000 after buying an additional 47,551 shares in the last quarter. Finally, CX Institutional grew its holdings in shares of Procter & Gamble by 15.0% during the third quarter. CX Institutional now owns 48,202 shares of the company’s stock valued at $8,349,000 after buying an additional 6,299 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

NYSE PG opened at $172.64 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The business’s fifty day moving average is $171.57 and its 200 day moving average is $166.88. The company has a market capitalization of $407.45 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 dividend yield of 2.33%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 383,194 shares of company stock valued at $65,140,718. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PG. Citigroup boosted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. DA Davidson began coverage on Procter & Gamble in a research report on Wednesday, October 9th. They set a “neutral” rating and a $159.00 price objective on the stock. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.21.

About Procter & Gamble

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.