Thompson Siegel & Walmsley LLC Acquires 606 Shares of The Procter & Gamble Company (NYSE:PG)

Thompson Siegel & Walmsley LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% in the third quarter, HoldingsChannel.com reports. The firm owned 70,818 shares of the company’s stock after purchasing an additional 606 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Procter & Gamble were worth $12,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. LPL Financial LLC lifted its position in shares of Procter & Gamble by 3.2% during the 3rd quarter. LPL Financial LLC now owns 3,127,615 shares of the company’s stock worth $541,703,000 after buying an additional 96,314 shares during the last quarter. Tradewinds LLC. raised its stake in Procter & Gamble by 4.0% during the third quarter. Tradewinds LLC. now owns 54,570 shares of the company’s stock worth $9,451,000 after acquiring an additional 2,108 shares in the last quarter. German American Bancorp Inc. lifted its holdings in shares of Procter & Gamble by 7.0% in the third quarter. German American Bancorp Inc. now owns 67,064 shares of the company’s stock worth $11,615,000 after acquiring an additional 4,379 shares during the last quarter. Cypress Capital Group boosted its stake in shares of Procter & Gamble by 3.8% in the 3rd quarter. Cypress Capital Group now owns 27,009 shares of the company’s stock valued at $4,678,000 after purchasing an additional 988 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Procter & Gamble by 7.1% during the 3rd quarter. Intech Investment Management LLC now owns 238,565 shares of the company’s stock valued at $41,319,000 after purchasing an additional 15,840 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Evercore ISI raised their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Finally, Morgan Stanley raised their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.40, for a total value of $14,991,621.60. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at $51,252,400.80. This represents a 22.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,693 shares of company stock worth $27,311,345 in the last quarter. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $172.68 on Friday. The firm has a market cap of $406.67 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The firm’s fifty day moving average price is $170.00 and its 200 day moving average price is $168.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $21.99 billion. During the same quarter in the prior year, the business earned $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Procter & Gamble 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.