Woodmont Investment Counsel LLC Increases Holdings in The Procter & Gamble Company (NYSE:PG)

Woodmont Investment Counsel LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,615 shares of the company’s stock after buying an additional 430 shares during the period. Procter & Gamble makes up about 1.1% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 21st biggest position. Woodmont Investment Counsel LLC’s holdings in Procter & Gamble were worth $14,829,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble during the second quarter valued at $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $29,000. Ruedi Wealth Management Inc. lifted its holdings in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $34,000. Finally, Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $36,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the company’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 sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the sale, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,771 shares of company stock worth $65,610,975. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $160.99 on Thursday. The stock has a 50 day moving average price of $171.29 and a 200 day moving average price of $168.13. The stock has a market cap of $379.14 billion, a PE ratio of 27.76, a P/E/G ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 EPS. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company 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 dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Ratings Changes

Several research firms recently weighed in on PG. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Piper Sandler assumed coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. DA Davidson upped their target price on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, TD Cowen started coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.00.

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.