King Luther Capital Management Corp Decreases Stake in The Procter & Gamble Company (NYSE:PG)

King Luther Capital Management Corp lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,231,751 shares of the company’s stock after selling 3,885 shares during the quarter. King Luther Capital Management Corp owned about 0.05% of Procter & Gamble worth $213,339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. China Universal Asset Management Co. Ltd. lifted its position 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 acquiring an additional 1,657 shares in the last quarter. Quent Capital LLC lifted its position in 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. Capital International Inc. CA raised its position in shares of Procter & Gamble by 19.9% in the 1st quarter. Capital International Inc. CA now owns 41,679 shares of the company’s stock valued at $6,762,000 after purchasing an additional 6,908 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Procter & Gamble by 6.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 7,158 shares of the company’s stock valued at $1,161,000 after purchasing an additional 446 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Procter & Gamble by 15.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,489,899 shares of the company’s stock valued at $890,736,000 after purchasing an additional 742,460 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PG. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Trading Up 0.1 %

Shares of NYSE PG opened at $170.92 on Thursday. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company has a market cap of $402.52 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 3.69 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $170.01 and a 200-day simple moving average of $168.51.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS 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 business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 87,979 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.40, for a total value of $14,991,621.60. Following the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at approximately $51,252,400.80. The trade was a 22.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,727 shares of company stock worth $29,694,037. Insiders own 0.18% of the company’s stock.

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.