Procter & Gamble Company (The) $PG Stock: Stockman Wealth Management Inc. Grows Holdings

Stockman Wealth Management Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,658 shares of the company’s stock after buying an additional 4,519 shares during the quarter. Procter & Gamble makes up approximately 1.4% of Stockman Wealth Management Inc.’s portfolio, making the stock its 25th largest holding. Stockman Wealth Management Inc.’s holdings in Procter & Gamble were worth $13,897,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Procter & Gamble during the 2nd quarter worth approximately $27,862,105,000. State Street Corp raised its holdings in shares of Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after acquiring an additional 965,461 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Procter & Gamble in the second quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp purchased a new position in shares of Procter & Gamble in the second quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Procter & Gamble by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after acquiring an additional 300,280 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Paul Gama sold 4,331 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $161.27, for a total transaction of $698,460.37. Following the transaction, the chief executive officer owned 46,793 shares in the company, valued at approximately $7,546,307.11. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 4,181 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $160.71, for a total value of $671,928.51. Following the transaction, the insider directly 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. Over the last ninety days, insiders sold 58,647 shares of company stock valued at $9,268,508. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group set a $166.00 price target on Procter & Gamble in a research note on Friday, October 23rd. BNP Paribas Exane increased their price objective on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Bank of America reduced their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Morgan Stanley raised their price objective on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a research note on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Key Stories Impacting Procter & Gamble

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 Stock Down 0.5%

Shares of NYSE PG opened at $158.38 on Thursday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The stock has a market cap of $367.10 billion, a PE ratio of 23.85, a P/E/G ratio of 4.00 and a beta of 0.39. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $149.30 and a 200 day moving average of $148.76.

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

Procter & Gamble Announces Dividend

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