The Procter & Gamble Company (NYSE:PG) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its position in The Procter & Gamble Company (NYSE:PG) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 61,664 shares of the company’s stock after purchasing an additional 2,112 shares during the period. Loomis Sayles & Co. L P’s holdings in Procter & Gamble were worth $10,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. DRW Securities LLC increased its position in Procter & Gamble by 33.0% during the third quarter. DRW Securities LLC now owns 19,335 shares of the company’s stock worth $3,349,000 after buying an additional 4,793 shares in the last quarter. Independent Advisor Alliance increased its position in Procter & Gamble by 3.3% during the 3rd quarter. Independent Advisor Alliance now owns 136,050 shares of the company’s stock worth $23,564,000 after purchasing an additional 4,301 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Procter & Gamble by 218.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,124 shares of the company’s stock valued at $887,000 after purchasing an additional 3,517 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Procter & Gamble by 33.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 20,127 shares of the company’s stock valued at $3,486,000 after purchasing an additional 5,088 shares in the last quarter. Finally, Davis R M Inc. boosted its stake in shares of Procter & Gamble by 10.9% during the 3rd quarter. Davis R M Inc. now owns 248,442 shares of the company’s stock worth $43,030,000 after purchasing an additional 24,489 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $179.34 on Thursday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $180.43. The firm’s 50 day simple moving average is $170.22 and its 200-day simple moving average is $168.90. 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 company has a market cap of $422.35 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 2.24%. Procter & Gamble’s dividend payout ratio is 69.48%.

Wall Street Analyst Weigh In

PG has been the topic of a number of analyst reports. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $209.00 in a report on Monday. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.45.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the company’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 transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,233 shares of company stock valued at $6,024,234 over the last three months. 0.18% of the stock is 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.