Hodges Capital Management Inc. Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Hodges Capital Management Inc. trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,349 shares of the company’s stock after selling 464 shares during the period. Hodges Capital Management Inc.’s holdings in Procter & Gamble were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montchanin Asset Management LLC increased its stake in shares of Procter & Gamble by 5.9% in the 3rd quarter. Montchanin Asset Management LLC now owns 3,591 shares of the company’s stock worth $622,000 after acquiring an additional 200 shares in the last quarter. CTC Alternative Strategies Ltd. increased its stake in shares of Procter & Gamble by 57.5% in the 3rd quarter. CTC Alternative Strategies Ltd. now owns 8,194 shares of the company’s stock worth $1,419,000 after acquiring an additional 2,991 shares in the last quarter. Mosaic Financial Group LLC increased its stake in shares of Procter & Gamble by 4.5% in the 3rd quarter. Mosaic Financial Group LLC now owns 3,898 shares of the company’s stock worth $675,000 after acquiring an additional 169 shares in the last quarter. Kensington Investment Counsel LLC increased its stake in shares of Procter & Gamble by 1.3% in the 3rd quarter. Kensington Investment Counsel LLC now owns 13,427 shares of the company’s stock worth $2,326,000 after acquiring an additional 168 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of Procter & Gamble by 45.1% in the 3rd quarter. Dunhill Financial LLC now owns 827 shares of the company’s stock worth $143,000 after acquiring an additional 257 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $209.00 in a research note on Monday, November 25th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Procter & Gamble Stock Performance

PG opened at $173.82 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $409.35 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.75 and a beta of 0.44. The company’s 50 day moving average is $170.76 and its 200 day moving average is $169.40. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 earnings per share. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares in the company, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 7,007 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 $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,080 shares of company stock valued at $14,629,038 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

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.