Saxon Interests Inc. Has $479,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Saxon Interests Inc. increased its holdings in The Procter & Gamble Company (NYSE:PG) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,767 shares of the company’s stock after purchasing an additional 120 shares during the period. Saxon Interests Inc.’s holdings in Procter & Gamble were worth $479,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Hall Laurie J Trustee raised its holdings in shares of Procter & Gamble by 7.2% in the 3rd quarter. Hall Laurie J Trustee now owns 57,872 shares of the company’s stock worth $10,023,000 after acquiring an additional 3,909 shares during the last quarter. Tilia Fiduciary Partners Inc. grew its stake in Procter & Gamble by 3.3% during the third quarter. Tilia Fiduciary Partners Inc. now owns 2,262 shares of the company’s stock valued at $392,000 after acquiring an additional 73 shares in the last quarter. True North Advisors LLC increased its holdings in shares of Procter & Gamble by 6.1% in the third quarter. True North Advisors LLC now owns 6,359 shares of the company’s stock worth $1,101,000 after purchasing an additional 364 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Procter & Gamble by 16.2% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,872 shares of the company’s stock valued at $1,190,000 after buying an additional 960 shares during the period. Finally, Future Financial Wealth Managment LLC grew its position in Procter & Gamble by 0.9% during the third quarter. Future Financial Wealth Managment LLC now owns 24,902 shares of the company’s stock worth $4,313,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PG shares. Evercore ISI lifted their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Citigroup raised their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Jefferies Financial Group cut 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 research note on Wednesday, July 24th. Finally, Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.89.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade 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 hyperlink. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 383,194 shares of company stock worth $65,140,718 in the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Procter & Gamble stock traded up $0.88 during trading hours on Wednesday, hitting $169.04. The stock had a trading volume of 3,300,101 shares, compared to its average volume of 6,655,592. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $398.96 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 3.73 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.66 and a 12-month high of $177.94. The stock’s 50-day moving average price is $171.22 and its 200-day moving average price is $166.63.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s payout ratio is 65.69%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.