Gilbert & Cook Inc. Purchases 405 Shares of Procter & Gamble Co (NYSE:PG)

Gilbert & Cook Inc. lifted its position in Procter & Gamble Co (NYSE:PG) by 11.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,912 shares of the company’s stock after purchasing an additional 405 shares during the quarter. Gilbert & Cook Inc.’s holdings in Procter & Gamble were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. D Orazio & Associates Inc. boosted its position in shares of Procter & Gamble by 3.2% during the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after buying an additional 98 shares during the period. NEXT Financial Group Inc boosted its position in shares of Procter & Gamble by 104.5% during the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares during the period. Homrich & Berg boosted its position in shares of Procter & Gamble by 1.1% during the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares during the period. Bellecapital International Ltd. boosted its position in shares of Procter & Gamble by 19.0% during the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after buying an additional 1,025 shares during the period. Finally, First National Bank of South Miami boosted its position in shares of Procter & Gamble by 5.1% during the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after buying an additional 340 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on PG. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. UBS Group boosted their price target on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. ValuEngine lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Credit Suisse Group boosted their price target on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $116.71.

NYSE:PG traded up $0.08 during trading hours on Friday, reaching $119.70. The company’s stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company has a market capitalization of $296.51 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.42. Procter & Gamble Co has a 12 month low of $86.74 and a 12 month high of $125.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The stock has a 50 day moving average price of $121.95 and a two-hundred day moving average price of $115.01.

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Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. Procter & Gamble’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, analysts predict that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In related news, insider Marc S. Pritchard sold 26,075 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares of the company’s stock, valued at $17,377,687.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 62,930 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total value of $7,550,341.40. The disclosure for this sale can be found here. Insiders sold 1,645,966 shares of company stock valued at $202,229,770 in the last three months. 1.75% of the stock is currently owned by insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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