Douglass Winthrop Advisors LLC Has $11.64 Million Stake in The Procter & Gamble Company (NYSE:PG)

Douglass Winthrop Advisors LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,301 shares of the company’s stock after buying an additional 1,929 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Procter & Gamble were worth $11,643,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PG. Tevis Investment Management lifted its position in Procter & Gamble by 0.5% in the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after acquiring an additional 64 shares in the last quarter. Eagle Strategies LLC lifted its position in Procter & Gamble by 1.9% in the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after acquiring an additional 65 shares in the last quarter. WealthTrust Asset Management LLC raised its stake in Procter & Gamble by 3.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after buying an additional 65 shares during the last quarter. Exeter Financial LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after buying an additional 66 shares during the last quarter. Finally, Diligent Investors LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock valued at $2,391,000 after buying an additional 66 shares during the last quarter. 63.43% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG traded down $0.66 during midday trading on Friday, hitting $152.93. 3,384,760 shares of the company traded hands, compared to its average volume of 4,444,935. The firm has a 50 day moving average of $153.15 and a 200-day moving average of $149.78. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.38. The stock has a market cap of $360.50 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.82 and a beta of 0.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.63.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 6.39 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Bank of America boosted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Finally, Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $165.00 to $155.00 in a research note on Thursday, May 18th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $164.82.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the transaction, the chief accounting officer now owns 888 shares of the company’s stock, valued at approximately $138,758.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the transaction, the chief accounting officer now owns 888 shares of the company’s stock, valued at approximately $138,758.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,094 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total transaction of $1,554,476.00. Following the completion of the sale, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at approximately $5,681,984. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,607 shares of company stock valued at $16,523,793. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

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.