Murphy Pohlad Asset Management LLC Has $5.90 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Murphy Pohlad Asset Management LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,035 shares of the company’s stock after selling 726 shares during the quarter. Procter & Gamble comprises approximately 2.5% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 5th largest position. Murphy Pohlad Asset Management LLC’s holdings in Procter & Gamble were worth $5,895,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble in the 2nd quarter worth $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble in the 2nd quarter worth about $29,000. Ruedi Wealth Management Inc. raised its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $34,000. Finally, Quest Partners LLC purchased a new position in shares of Procter & Gamble in the second quarter worth approximately $36,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 389,144 shares of company stock worth $66,184,385. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus lifted their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Nine equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Down 0.0 %

Shares of PG stock opened at $165.10 on Friday. The stock’s 50 day simple moving average is $171.62 and its 200 day simple moving average is $167.91. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $388.82 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.59 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly 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. As a group, research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

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.