Frisch Financial Group Inc. Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Frisch Financial Group Inc. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,450 shares of the company’s stock after buying an additional 287 shares during the quarter. Frisch Financial Group Inc.’s holdings in Procter & Gamble were worth $771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the second quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $33,000. POM Investment Strategies LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $34,000. Finally, Quest Partners LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $36,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $170.83 on Tuesday. The stock has a market capitalization of $402.31 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. 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 business’s 50 day simple moving average is $170.71 and its two-hundred day simple moving average is $169.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. Analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PG. Wells Fargo & Company increased their price objective on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $209.00 in a research report on Monday, November 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. DZ Bank upgraded 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. Finally, Morgan Stanley increased their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock worth $14,629,038 in the last 90 days. Company insiders own 0.18% of the company’s stock.

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.