8,402 Procter & Gamble Company (The) $PG Shares Purchased by Welch Group LLC

Welch Group LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 387,878 shares of the company’s stock after purchasing an additional 8,402 shares during the quarter. Procter & Gamble accounts for 1.9% of Welch Group LLC’s portfolio, making the stock its 24th largest position. Welch Group LLC’s holdings in Procter & Gamble were worth $56,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. True Freedom Investing LLC grew its holdings in Procter & Gamble by 9.8% during the 3rd quarter. True Freedom Investing LLC now owns 38,195 shares of the company’s stock worth $5,549,000 after acquiring an additional 3,404 shares in the last quarter. Pinnacle Financial Group LLC IL increased its position in shares of Procter & Gamble by 4.2% in the 3rd quarter. Pinnacle Financial Group LLC IL now owns 2,553 shares of the company’s stock worth $371,000 after purchasing an additional 102 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Procter & Gamble by 1.5% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 89,669 shares of the company’s stock valued at $13,027,000 after purchasing an additional 1,327 shares in the last quarter. Pinkerton Wealth LLC raised its stake in shares of Procter & Gamble by 8.4% in the 3rd quarter. Pinkerton Wealth LLC now owns 38,706 shares of the company’s stock valued at $5,623,000 after purchasing an additional 2,987 shares in the last quarter. Finally, Virtue Capital Management LLC increased its holdings in Procter & Gamble by 7.7% in the third quarter. Virtue Capital Management LLC now owns 8,737 shares of the company’s stock valued at $1,269,000 after buying an additional 628 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Procter & Gamble news, insider Susan Whaley sold 2,369 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total transaction of $344,310.46. Following the transaction, the insider directly owned 30,730 shares in the company, valued at approximately $4,466,298.20. The trade was a 7.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andre Schulten sold 3,914 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $568,860.76. Following the completion of the sale, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at approximately $9,536,920.12. This represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Barclays increased their target price on Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Procter & Gamble in a report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research report on Friday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. Finally, Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Stock Performance

PG opened at $161.42 on Monday. The business has a 50 day moving average price of $149.99 and a two-hundred day moving average price of $148.94. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a market capitalization of $374.14 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same period in the previous year, the business earned $1.99 earnings per share. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Procter & Gamble Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.