The Procter & Gamble Company (NYSE:PG) Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,673,611 shares of the company’s stock after selling 100,743 shares during the quarter. Procter & Gamble accounts for 2.1% of Aristotle Capital Management LLC’s holdings, making the stock its 20th largest holding. Aristotle Capital Management LLC’s holdings in Procter & Gamble were worth $1,012,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Axiom Financial Strategies LLC lifted its stake in Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares during the last quarter. AMI Investment Management Inc. raised its holdings in shares of Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management lifted its position in shares of Procter & Gamble by 5.7% during the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares during the last quarter. Ergoteles LLC acquired a new position in shares of Procter & Gamble during the first quarter worth $3,073,000. Finally, Wsfs Capital Management LLC increased its holdings in Procter & Gamble by 12.0% in the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PG shares. Jefferies Financial Group assumed coverage on Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 price objective for the company. William Blair initiated coverage on Procter & Gamble in a report on Friday, September 8th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. DZ Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research report on Friday, October 20th. Finally, Barclays reduced their price target on shares of Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.41.

Check Out Our Latest Stock Report on Procter & Gamble

Insider Buying and Selling

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 188 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $148.52, for a total transaction of $27,921.76. Following the sale, the chief accounting officer now directly owns 626 shares in the company, valued at approximately $92,973.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Matthew W. Janzaruk sold 188 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $148.52, for a total transaction of $27,921.76. Following the completion of the sale, the chief accounting officer now directly owns 626 shares in the company, valued at approximately $92,973.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 575 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $144.97, for a total value of $83,357.75. Following the completion of the sale, the insider now owns 7,498 shares in the company, valued at approximately $1,086,985.06. The disclosure for this sale can be found here. Insiders have sold 79,382 shares of company stock valued at $11,988,690 over the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG traded down $1.05 during trading on Wednesday, hitting $145.71. The stock had a trading volume of 2,059,794 shares, compared to its average volume of 6,220,779. The firm has a market capitalization of $343.42 billion, a P/E ratio of 23.87, a PEG ratio of 3.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The Procter & Gamble Company has a twelve month low of $135.83 and a twelve month high of $158.38. The company’s 50-day moving average price is $148.88 and its 200 day moving average price is $150.34.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The business had revenue of $21.87 billion for the quarter, compared to analyst estimates of $21.58 billion. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 earnings per share. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.42 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were paid a $0.9407 dividend. The ex-dividend date was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.04%.

Procter & Gamble Company Profile

(Free Report)

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.

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