First Personal Financial Services Buys 197 Shares of The Procter & Gamble Company (NYSE:PG)

First Personal Financial Services grew its stake in The Procter & Gamble Company (NYSE:PG) by 0.3% during the third quarter, HoldingsChannel.com reports. The firm owned 66,863 shares of the company’s stock after purchasing an additional 197 shares during the period. Procter & Gamble makes up approximately 2.4% of First Personal Financial Services’ holdings, making the stock its 7th biggest holding. First Personal Financial Services’ holdings in Procter & Gamble were worth $11,581,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Field & Main Bank grew its position in shares of Procter & Gamble by 1.0% during the 3rd quarter. Field & Main Bank now owns 25,777 shares of the company’s stock valued at $4,465,000 after buying an additional 255 shares during the last quarter. Oxbow Advisors LLC grew its position in shares of Procter & Gamble by 3.2% during the 3rd quarter. Oxbow Advisors LLC now owns 9,917 shares of the company’s stock valued at $1,718,000 after buying an additional 303 shares during the last quarter. Objective Capital Management LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $730,000. Carmel Capital Partners LLC grew its position in Procter & Gamble by 8.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 2,082 shares of the company’s stock worth $361,000 after purchasing an additional 165 shares during the last quarter. Finally, 5th Street Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $229,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PG shares. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the 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 completion of the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. 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. In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $167.71 on Friday. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company’s fifty day moving average is $171.08 and its 200-day moving average is $168.15. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $394.96 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted 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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the business posted $1.83 EPS. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s payout ratio is presently 69.31%.

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.