Baron Silver Stevens Financial Advisors LLC Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Baron Silver Stevens Financial Advisors LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,360 shares of the company’s stock after selling 96 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Procter & Gamble were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Welch Group LLC boosted its position in shares of Procter & Gamble by 0.9% during the third quarter. Welch Group LLC now owns 323,870 shares of the company’s stock worth $56,094,000 after acquiring an additional 2,990 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Procter & Gamble by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock valued at $4,420,000 after purchasing an additional 10,777 shares during the last quarter. AMF Tjanstepension AB grew its position in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares in the last quarter. Octavia Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 51.3% in the second quarter. Octavia Wealth Advisors LLC now owns 59,647 shares of the company’s stock worth $9,837,000 after purchasing an additional 20,218 shares during the last quarter. Finally, Mystic Asset Management Inc. lifted its position in shares of Procter & Gamble by 4.1% in the first quarter. Mystic Asset Management Inc. now owns 10,107 shares of the company’s stock worth $1,640,000 after buying an additional 402 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 value of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. 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. In other news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 389,144 shares of company stock valued at $66,184,385 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.6 %

Shares of NYSE PG opened at $165.18 on Friday. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The firm has a market cap of $389.01 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.41. The business has a fifty day simple moving average of $171.70 and a two-hundred day simple moving average of $167.84. The company has a quick ratio of 0.55, a current ratio of 0.75 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. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PG. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Morgan Stanley boosted their target price 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. 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, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.00.

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.