Activest Wealth Management Has $159,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Activest Wealth Management grew its position in The Procter & Gamble Company (NYSE:PG) by 65.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 919 shares of the company’s stock after acquiring an additional 364 shares during the period. Activest Wealth Management’s holdings in Procter & Gamble were worth $159,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the 2nd quarter valued at about $29,000. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Quest Partners LLC bought a new stake in Procter & Gamble during the second quarter worth $36,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $44,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research report on Monday, September 30th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, DA Davidson reissued a “neutral” rating and issued a $160.00 target price on shares of Procter & Gamble in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,727 shares of company stock valued at $29,694,037. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Down 0.3 %

PG stock traded down $0.52 during trading on Thursday, hitting $170.37. 275,177 shares of the stock traded hands, compared to its average volume of 6,645,946. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The firm’s 50 day moving average is $170.01 and its two-hundred day moving average is $168.51. 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 stock has a market cap of $401.23 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42.

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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble Company 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.