Stockman Wealth Management Inc. Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Stockman Wealth Management Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,665 shares of the company’s stock after purchasing an additional 2,283 shares during the quarter. Procter & Gamble accounts for about 1.8% of Stockman Wealth Management Inc.’s holdings, making the stock its 18th biggest position. Stockman Wealth Management Inc.’s holdings in Procter & Gamble were worth $11,546,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Tyler Stone Wealth Management boosted its stake in shares of Procter & Gamble by 152.9% in the third quarter. Tyler Stone Wealth Management now owns 4,633 shares of the company’s stock valued at $803,000 after buying an additional 2,801 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in Procter & Gamble by 70.3% in the third quarter. Baker Avenue Asset Management LP now owns 11,064 shares of the company’s stock valued at $1,916,000 after acquiring an additional 4,568 shares during the period. Guerra Pan Advisors LLC boosted its position in shares of Procter & Gamble by 2.3% during the 3rd quarter. Guerra Pan Advisors LLC now owns 5,774 shares of the company’s stock worth $1,000,000 after purchasing an additional 131 shares in the last quarter. Arrow Financial Corp grew its stake in shares of Procter & Gamble by 0.7% during the 3rd quarter. Arrow Financial Corp now owns 31,989 shares of the company’s stock worth $5,540,000 after purchasing an additional 227 shares during the period. Finally, Costello Asset Management INC increased its holdings in shares of Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after purchasing an additional 300 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock opened at $167.71 on Monday. The company’s fifty day moving average price is $171.08 and its two-hundred day moving average price is $168.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $394.96 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.63 and a beta of 0.42. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PG shares. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Morgan Stanley upped their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 313,597 shares of company stock worth $53,268,499. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.