Procter & Gamble Company (The) $PG Shares Bought by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 95,658 shares of the company’s stock after purchasing an additional 4,519 shares during the period. Procter & Gamble makes up approximately 1.4% of Stockman Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. Stockman Wealth Management Inc.’s holdings in Procter & Gamble were worth $13,897,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC acquired a new stake in Procter & Gamble during the second quarter worth about $28,000. Paladin Partners LLC acquired a new stake in Procter & Gamble during the second quarter worth about $29,000. Toews Corp ADV acquired a new stake in Procter & Gamble during the second quarter worth about $37,000. Finally, Evergreen Advisors LLC purchased a new position in Procter & Gamble during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. Evercore raised Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target for the company in a report on Tuesday, October 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 23rd. UBS Group set a $166.00 target price on shares of Procter & Gamble in a report on Friday, October 23rd. Finally, Citigroup boosted their target price on shares of Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G’s latest quarter exceeded expectations, with earnings per share of $2.00 versus the $1.89 consensus and revenue of $23.28 billion versus $22.80 billion expected. Sales increased 4% year over year, while organic sales growth was supported primarily by higher product volumes rather than price increases. P&G Stock May Be Undervalued
• Positive Sentiment: Analysts and investment commentary remain broadly constructive. One analysis estimates PG may be about 23% undervalued, while Freedom Broker upgraded the stock from Hold to Buy. P&G’s leading household brands and dependable dividend continue to support its defensive-investment appeal. Freedom Broker Upgrade
• Positive Sentiment: The company’s quarterly dividend remains an important support for income-focused investors: the annualized payout is approximately $4.35 per share, representing a yield near 2.7% based on the cited stock data. P&G Dividend Analysis
• Neutral Sentiment: P&G has outperformed the broader market this year, but commentary questions how long that outperformance can continue. With shares trading well above their 50-day and 200-day moving averages, some investors may be taking profits. P&G Outperformance Analysis
• Negative Sentiment: Higher commodity, oil, packaging and transportation costs could pressure margins if P&G cannot offset them through pricing, productivity gains or favorable product mix. Investors are watching whether the company’s growth can continue while protecting profitability. P&G Commodity Costs
• Negative Sentiment: Recent insider selling, including a 4,181-share transaction valued at roughly $672,000, may add a modest sentiment overhang, although such sales do not necessarily indicate deteriorating business conditions. P&G Insider Sale

Procter & Gamble Trading Down 0.5%

PG stock opened at $158.38 on Thursday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market cap of $367.10 billion, a P/E ratio of 23.85, a PEG ratio of 4.00 and a beta of 0.39. The company’s 50-day simple moving average is $149.30 and its 200-day simple moving average is $148.76.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter in the previous year, the business earned $1.99 EPS. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date 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 is currently 65.51%.

Insider Buying and Selling

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the completion of the transaction, the chief executive officer directly owned 55,391 shares of the company’s stock, valued at $9,033,718.19. This represents a 38.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 4,181 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $160.71, for a total value of $671,928.51. Following the transaction, the insider owned 11,296 shares in the company, valued at $1,815,380.16. This trade represents a 27.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,647 shares of company stock valued at $9,268,508 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Procter & Gamble Company 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.