Isthmus Partners LLC Has $1.74 Million Position in The Procter & Gamble Company (NYSE:PG)

Isthmus Partners LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 10,030 shares of the company’s stock after selling 139 shares during the quarter. Isthmus Partners LLC’s holdings in Procter & Gamble were worth $1,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $33,000. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $34,000. Finally, Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PG. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. DA Davidson raised Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the company from $160.00 to $209.00 in a report on Monday. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the sale, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,233 shares of company stock worth $6,024,234 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $179.36 on Friday. 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 fifty day moving average price is $170.37 and its two-hundred day moving average price is $168.98. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $180.43. The stock has a market capitalization of $422.40 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.86 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 (EPS) for the quarter, topping 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 firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the company posted $1.83 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.24%. Procter & Gamble’s dividend 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.