Lindbrook Capital LLC Sells 708 Shares of The Procter & Gamble Company (NYSE:PG)

by · The Cerbat Gem

Lindbrook Capital LLC trimmed its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,682 shares of the company’s stock after selling 708 shares during the period. Lindbrook Capital LLC’s holdings in Procter & Gamble were worth $2,716,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 5th Street Advisors LLC bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $229,000. Bridges Investment Management Inc. grew its position in Procter & Gamble by 0.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 42,375 shares of the company’s stock valued at $7,339,000 after purchasing an additional 189 shares during the period. Klingman & Associates LLC grew its position in Procter & Gamble by 12.9% in the 3rd quarter. Klingman & Associates LLC now owns 10,392 shares of the company’s stock valued at $1,800,000 after purchasing an additional 1,190 shares during the period. Assetmark Inc. raised its holdings in Procter & Gamble by 2.3% during the third quarter. Assetmark Inc. now owns 1,433,075 shares of the company’s stock worth $248,209,000 after buying an additional 31,958 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Procter & Gamble by 1.3% in the third quarter. Verdence Capital Advisors LLC now owns 51,379 shares of the company’s stock valued at $8,899,000 after buying an additional 638 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. TD Cowen initiated coverage on Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. Finally, Dbs Bank cut 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, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $177.00.

Check Out Our Latest Stock Report on Procter & Gamble

Procter & Gamble Price Performance

Procter & Gamble stock opened at $167.73 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $171.08 and its 200 day simple moving average is $168.15. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The company has a market cap of $395.01 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.48 and a beta of 0.42.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.31%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,597 shares of company stock valued at $53,268,499. Company insiders own 0.18% of the company’s stock.

About Procter & Gamble

(Free Report)

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.

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