Woodard & Co. Asset Management Group Inc. ADV Has $3.50 Million Stake in The Procter & Gamble Company (NYSE:PG)

Woodard & Co. Asset Management Group Inc. ADV raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,201 shares of the company’s stock after buying an additional 1,037 shares during the quarter. Procter & Gamble comprises 0.8% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 26th biggest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Procter & Gamble were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PG. Investment Research & Advisory Group Inc. grew its holdings in shares of Procter & Gamble by 2.2% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 9,578 shares of the company’s stock valued at $1,659,000 after buying an additional 203 shares during the period. DT Investment Partners LLC lifted its holdings in Procter & Gamble by 1.9% during the third quarter. DT Investment Partners LLC now owns 23,147 shares of the company’s stock worth $4,009,000 after acquiring an additional 437 shares in the last quarter. apricus wealth LLC grew its stake in Procter & Gamble by 3.3% in the third quarter. apricus wealth LLC now owns 2,401 shares of the company’s stock valued at $416,000 after acquiring an additional 76 shares during the period. Global Trust Asset Management LLC raised its position in shares of Procter & Gamble by 0.6% during the third quarter. Global Trust Asset Management LLC now owns 13,217 shares of the company’s stock worth $2,289,000 after purchasing an additional 74 shares during the period. Finally, Mcdaniel Terry & Co. lifted its holdings in shares of Procter & Gamble by 0.7% during the 3rd quarter. Mcdaniel Terry & Co. now owns 207,166 shares of the company’s stock valued at $35,881,000 after purchasing an additional 1,468 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. 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 the SEC website. In related news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,186 shares of company stock worth $65,479,358. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on PG. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. TD Cowen initiated coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Up 0.0 %

Shares of PG stock opened at $169.64 on Friday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. 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 stock has a market cap of $399.51 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.67 and a beta of 0.41. The firm’s 50-day moving average is $171.88 and its 200-day moving average is $167.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed 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 2.37%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is presently 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.