Woodstock Corp Sells 380 Shares of The Procter & Gamble Company (NYSE:PG)

Woodstock Corp reduced its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,412 shares of the company’s stock after selling 380 shares during the period. Procter & Gamble comprises 1.6% of Woodstock Corp’s investment portfolio, making the stock its 18th largest position. Woodstock Corp’s holdings in Procter & Gamble were worth $11,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Northcape Wealth Management LLC increased its stake in Procter & Gamble by 95.2% in the 1st quarter. Northcape Wealth Management LLC now owns 24,189 shares of the company’s stock worth $3,696,000 after purchasing an additional 11,800 shares during the period. First Affirmative Financial Network increased its stake in shares of Procter & Gamble by 6.0% during the first quarter. First Affirmative Financial Network now owns 1,934 shares of the company’s stock valued at $296,000 after buying an additional 109 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of Procter & Gamble by 624.7% during the first quarter. NorthCrest Asset Manangement LLC now owns 131,952 shares of the company’s stock valued at $20,163,000 after buying an additional 113,745 shares during the period. Calamos Wealth Management LLC increased its stake in shares of Procter & Gamble by 3.8% during the first quarter. Calamos Wealth Management LLC now owns 20,240 shares of the company’s stock valued at $3,093,000 after buying an additional 733 shares during the period. Finally, Nvest Financial LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $432,000. 63.45% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $138.28 on Monday. The stock has a 50 day moving average of $143.26 and a 200 day moving average of $147.63. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The firm has a market cap of $329.87 billion, a PE ratio of 23.80, a PEG ratio of 3.55 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were paid a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

Insider Activity

In other news, CEO Jon R. Moeller sold 169,365 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $146.56, for a total value of $24,822,134.40. Following the sale, the chief executive officer now directly owns 164,761 shares in the company, valued at $24,147,372.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Jon R. Moeller sold 169,365 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $146.56, for a total value of $24,822,134.40. Following the sale, the chief executive officer now directly owns 164,761 shares in the company, valued at $24,147,372.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andre Schulten sold 987 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $147,388.71. Following the completion of the sale, the chief financial officer now owns 27,330 shares in the company, valued at $4,081,188.90. The disclosure for this sale can be found here. Insiders sold 289,321 shares of company stock valued at $42,559,426 in the last ninety days. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Evercore ISI set a $170.00 target price on Procter & Gamble in a research note on Monday, June 20th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Truist Financial dropped their target price on Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, Wells Fargo & Company dropped their target price on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Company Profile

(Get Rating)

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.

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

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