Woodard & Co. Asset Management Group Inc. ADV Makes New Investment in Procter & Gamble Co (NYSE:PG)

Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Procter & Gamble Co (NYSE:PG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,924 shares of the company’s stock, valued at approximately $1,359,000. Procter & Gamble makes up approximately 0.9% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 15th largest position.

A number of other large investors have also recently made changes to their positions in PG. EagleClaw Capital Managment LLC raised its stake in shares of Procter & Gamble by 5.3% in the third quarter. EagleClaw Capital Managment LLC now owns 5,420 shares of the company’s stock worth $675,000 after purchasing an additional 275 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Procter & Gamble by 0.7% in the third quarter. OLD National Bancorp IN now owns 186,075 shares of the company’s stock worth $23,144,000 after purchasing an additional 1,375 shares during the last quarter. Investors Research Corp raised its stake in shares of Procter & Gamble by 11.1% in the third quarter. Investors Research Corp now owns 2,052 shares of the company’s stock worth $255,000 after purchasing an additional 205 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Procter & Gamble by 6.0% in the third quarter. Moors & Cabot Inc. now owns 130,903 shares of the company’s stock worth $16,162,000 after purchasing an additional 7,436 shares during the last quarter. Finally, Allen Capital Group LLC raised its stake in shares of Procter & Gamble by 5.5% in the third quarter. Allen Capital Group LLC now owns 8,451 shares of the company’s stock worth $1,031,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at $13,073,548. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven D. Bishop sold 32,945 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $117.00, for a total value of $3,854,565.00. Following the transaction, the chief executive officer now directly owns 78,052 shares of the company’s stock, valued at $9,132,084. The disclosure for this sale can be found here. Over the last three months, insiders have sold 492,519 shares of company stock valued at $58,596,988. 1.75% of the stock is owned by corporate insiders.

Shares of PG traded up $1.82 on Thursday, reaching $124.82. 370,525 shares of the company’s stock traded hands, compared to its average volume of 6,705,035. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market cap of $305.77 billion, a PE ratio of 27.62, a PEG ratio of 3.55 and a beta of 0.42. The stock’s 50 day simple moving average is $121.76 and its two-hundred day simple moving average is $113.63. Procter & Gamble Co has a 52-week low of $86.74 and a 52-week high of $125.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 24.95% and a net margin of 6.24%. The business had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same period in the prior year, the company earned $1.12 earnings per share. Procter & Gamble’s revenue was up 6.6% compared to the same quarter last year. Analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

Several brokerages have recently commented on PG. Macquarie increased their price objective on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday. SunTrust Banks increased their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $115.00.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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