Goldstream Capital Management Ltd bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,008 shares of the company's stock, valued at approximately $867,000. Procter & Gamble makes up 0.3% of Goldstream Capital Management Ltd's investment portfolio, making the stock its 27th largest holding.
Other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its position in Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock valued at $16,300,000 after buying an additional 4,035 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at $5,705,000. Welch Group LLC increased its position in shares of Procter & Gamble by 0.9% during the 3rd quarter. Welch Group LLC now owns 323,870 shares of the company's stock valued at $56,094,000 after purchasing an additional 2,990 shares during the last quarter. Swiss National Bank increased its holdings in Procter & Gamble by 0.6% in the 3rd quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock worth $1,213,403,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Curi RMB Capital LLC increased its holdings in Procter & Gamble by 20.3% in the 3rd quarter. Curi RMB Capital LLC now owns 21,655 shares of the company's stock worth $3,751,000 after acquiring an additional 3,652 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Procter & Gamble from $188.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Barclays lowered Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an "overweight" rating in a report on Thursday, September 19th. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a "neutral" rating and a $174.00 target price for the company. Finally, DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.45.
View Our Latest Analysis on Procter & Gamble
NYSE PG opened at $173.83 on Friday. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. The stock has a 50-day moving average of $170.75 and a 200 day moving average of $169.34. The company has a market capitalization of $409.38 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.77 and a beta of 0.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. Procter & Gamble's dividend payout ratio is presently 69.48%.
In related news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,080 shares of company stock valued at $14,629,038. Corporate insiders own 0.18% of the company's stock.
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.
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