Linscomb Wealth Inc. Sells 1,131 Shares of The Procter & Gamble Company (NYSE:PG)

Linscomb Wealth Inc. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% during the third quarter, Holdings Channel.com reports. The fund owned 76,416 shares of the company’s stock after selling 1,131 shares during the period. Procter & Gamble comprises 0.7% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 22nd largest position. Linscomb Wealth Inc.’s holdings in Procter & Gamble were worth $13,235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Altrius Capital Management Inc boosted its holdings in shares of Procter & Gamble by 2.2% in the 3rd quarter. Altrius Capital Management Inc now owns 27,293 shares of the company’s stock valued at $4,727,000 after purchasing an additional 598 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of Procter & Gamble by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 82,251 shares of the company’s stock valued at $14,246,000 after purchasing an additional 1,689 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 48,431 shares of the company’s stock valued at $8,388,000 after purchasing an additional 240 shares in the last quarter. Connable Office Inc. boosted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Connable Office Inc. now owns 25,005 shares of the company’s stock valued at $4,331,000 after purchasing an additional 122 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Procter & Gamble by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 446,176 shares of the company’s stock valued at $77,265,000 after purchasing an additional 23,169 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. This trade represents a 87.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock worth $53,268,499 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. DA Davidson raised their target price on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Nine 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 company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Trading Up 1.3 %

PG traded up $2.19 during trading on Friday, hitting $169.27. The company’s stock had a trading volume of 2,049,459 shares, compared to its average volume of 6,640,000. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. 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 stock’s fifty day moving average price is $170.44 and its 200-day moving average price is $168.27. The firm has a market capitalization of $398.64 billion, a P/E ratio of 28.81, a PEG ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.83 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current 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 issued a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is 69.48%.

Procter & Gamble Company 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.