Red Door Wealth Management LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Red Door Wealth Management LLC increased its position in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,020 shares of the company’s stock after buying an additional 119 shares during the quarter. The Procter & Gamble comprises about 1.7% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Red Door Wealth Management LLC’s holdings in The Procter & Gamble were worth $2,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PG. First Command Bank lifted its position in The Procter & Gamble by 41.0% during the second quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after buying an additional 6,970 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of The Procter & Gamble by 2.9% in the 2nd quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock valued at $5,925,000 after acquiring an additional 1,401 shares during the period. Samalin Investment Counsel LLC lifted its holdings in shares of The Procter & Gamble by 16.8% during the 2nd quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,244 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in The Procter & Gamble by 3.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock worth $631,000 after purchasing an additional 162 shares during the period. Finally, CWS Financial Advisors LLC increased its holdings in The Procter & Gamble by 195.8% in the 2nd quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock valued at $1,945,000 after purchasing an additional 10,768 shares in the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

In other news, insider Mary Theresa Grabowski sold 21,431 shares of The Procter & Gamble stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $130.00, for a total value of $2,786,030.00. Following the completion of the transaction, the insider now directly owns 55,013 shares of the company’s stock, valued at approximately $7,151,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Valarie L. Sheppard sold 14,800 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the sale, the vice president now owns 39,929 shares in the company, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last quarter, insiders sold 272,757 shares of company stock valued at $36,738,374. Insiders own 0.70% of the company’s stock.

PG has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. SunTrust Banks upped their price target on The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Morgan Stanley increased their price objective on shares of The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, Berenberg Bank upped their target price on shares of The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $137.87.

NYSE PG opened at $144.39 on Friday. The company has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $145.87. The company’s fifty day moving average price is $138.93 and its two-hundred day moving average price is $125.52.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 EPS. As a group, analysts anticipate that The Procter & Gamble Company will post 5.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

About The Procter & Gamble

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

Read More: After-Hours Trading

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

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.