Whitnell & Co. Raises Stock Position in Procter & Gamble Co (NYSE:PG)

Whitnell & Co. lifted its position in Procter & Gamble Co (NYSE:PG) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,869 shares of the company’s stock after buying an additional 12,381 shares during the period. Procter & Gamble makes up about 1.9% of Whitnell & Co.’s portfolio, making the stock its 11th largest position. Whitnell & Co.’s holdings in Procter & Gamble were worth $5,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PG. Krane Funds Advisors LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $25,000. Camarda Financial Advisors LLC boosted its holdings in shares of Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Lucia Wealth Services LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at $29,000. Selective Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC boosted its holdings in shares of Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PG traded up $0.08 during trading hours on Friday, hitting $119.70. The stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The firm has a 50-day moving average price of $121.95 and a 200 day moving average price of $115.01. Procter & Gamble Co has a fifty-two week low of $86.74 and a fifty-two week high of $125.77. The firm has a market capitalization of $296.51 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the previous year, the business posted $1.12 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is currently 65.93%.

Several analysts have recently commented on PG shares. Stifel Nicolaus set a $117.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Credit Suisse Group upped their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group upped their price objective on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $116.71.

In other Procter & Gamble news, insider Marc S. Pritchard sold 26,075 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the completion of the transaction, the insider now directly owns 139,066 shares in the company, valued at $17,377,687.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares of the company’s stock, valued at $7,224,550. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,645,966 shares of company stock valued at $202,229,770. Company insiders own 1.75% of the company’s stock.

Procter & Gamble Company Profile

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

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

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