The Procter & Gamble Company (NYSE:PG) Shares Bought by Sivia Capital Partners LLC

Sivia Capital Partners LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 8.3% during the third quarter, HoldingsChannel reports. The firm owned 5,204 shares of the company’s stock after buying an additional 401 shares during the period. Sivia Capital Partners LLC’s holdings in Procter & Gamble were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Grove Bank & Trust increased its position in shares of Procter & Gamble by 1.5% during the third quarter. Grove Bank & Trust now owns 14,812 shares of the company’s stock worth $2,565,000 after acquiring an additional 221 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of Procter & Gamble by 111.1% during the third quarter. Fiduciary Alliance LLC now owns 4,773 shares of the company’s stock worth $827,000 after acquiring an additional 2,512 shares during the last quarter. Granite Harbor Advisors Inc. increased its position in shares of Procter & Gamble by 32.1% during the third quarter. Granite Harbor Advisors Inc. now owns 2,624 shares of the company’s stock worth $454,000 after acquiring an additional 638 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth about $815,000. Finally, Paladin Wealth LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth about $916,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.75 during midday trading on Monday, hitting $171.84. 1,948,066 shares of the company’s stock were exchanged, compared to its average volume of 6,663,061. The firm has a market cap of $405.57 billion, a P/E ratio of 28.04, a PEG ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The stock’s 50 day moving average price is $171.48 and its 200-day moving average price is $166.81.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson began coverage on Procter & Gamble in a report on Wednesday, October 9th. They issued a “neutral” rating and a $159.00 price objective for the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Thursday, August 29th. Finally, Evercore ISI boosted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.21.

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.