Woodmont Investment Counsel LLC Has $13.61 Million Position in The Procter & Gamble Company (NYSE:PG)

Woodmont Investment Counsel LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 83,880 shares of the company’s stock after buying an additional 268 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Woodmont Investment Counsel LLC’s portfolio, making the stock its 20th largest holding. Woodmont Investment Counsel LLC’s holdings in Procter & Gamble were worth $13,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advantage Trust Co acquired a new stake in Procter & Gamble in the fourth quarter worth about $28,000. Naples Money Management LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $29,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.7 %

NYSE:PG opened at $163.93 on Wednesday. The stock’s 50 day moving average price is $165.65 and its two-hundred day moving average price is $159.01. The firm has a market capitalization of $386.90 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Analyst Ratings Changes

A number of analysts recently commented on PG shares. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Barclays raised their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group lifted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $170.72.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.