Cutler Investment Counsel LLC Sells 1,858 Shares of The Procter & Gamble Company (NYSE:PG)

Cutler Investment Counsel LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,949 shares of the company’s stock after selling 1,858 shares during the quarter. Procter & Gamble comprises approximately 1.4% of Cutler Investment Counsel LLC’s holdings, making the stock its 27th largest holding. Cutler Investment Counsel LLC’s holdings in Procter & Gamble were worth $11,249,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $29,000. POM Investment Strategies LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $34,000. Quest Partners LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble in the 2nd quarter worth approximately $44,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.5 %

Shares of Procter & Gamble stock traded up $2.46 during midday trading on Friday, reaching $169.54. 9,939,416 shares of the company’s stock traded hands, compared to its average volume of 6,676,794. 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 $399.27 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.60 and a beta of 0.42. The stock has a 50 day moving average of $170.32 and a 200-day moving average of $168.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

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 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 business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the firm posted $1.83 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

A number of brokerages recently commented on PG. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. This represents a 87.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,597 shares of company stock valued at $53,268,499 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.