Northwest Investment Counselors LLC Has $2.40 Million Stake in Procter & Gamble Company (The) (PG)

Northwest Investment Counselors LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,657 shares of the company’s stock after selling 94 shares during the period. Procter & Gamble Company (The) comprises about 1.2% of Northwest Investment Counselors LLC’s portfolio, making the stock its 19th largest position. Northwest Investment Counselors LLC’s holdings in Procter & Gamble Company (The) were worth $2,395,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Empirical Finance LLC bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter valued at approximately $101,000. Asset Planning Services Ltd. increased its stake in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the last quarter. Edge Wealth Management LLC increased its stake in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Procter & Gamble Company (The) during the first quarter valued at approximately $184,000. Finally, Riverpoint Wealth Management Holdings LLC bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter valued at approximately $211,000. 59.69% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (PG) traded up 0.15% during trading on Tuesday, reaching $91.58. 5,623,352 shares of the company were exchanged. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.00. The company has a market capitalization of $233.83 billion, a P/E ratio of 16.37 and a beta of 0.68. The firm’s 50-day moving average is $88.75 and its 200 day moving average is $88.72. Procter & Gamble Company (The) also saw some unusual options trading activity on Monday. Stock traders bought 35,861 call options on the company. This represents an increase of 509% compared to the typical volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The business had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same period in the previous year, the business posted $0.79 earnings per share. Procter & Gamble Company (The)’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 3.01%. Procter & Gamble Company (The)’s payout ratio is presently 49.37%.

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A number of analysts have issued reports on the stock. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective for the company in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Deutsche Bank AG reissued a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Finally, UBS AG reissued a “buy” rating and issued a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus target price of $88.21.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,898 shares of company stock valued at $17,666,387. 0.35% of the stock is currently owned by company insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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