McGlone Suttner Wealth Management Inc. Has $2.09 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

McGlone Suttner Wealth Management Inc. trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,086 shares of the company’s stock after selling 73 shares during the period. Procter & Gamble comprises about 0.4% of McGlone Suttner Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding. McGlone Suttner Wealth Management Inc.’s holdings in Procter & Gamble were worth $2,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Alera Investment Advisors LLC grew its stake in shares of Procter & Gamble by 1.2% during the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock worth $812,000 after purchasing an additional 60 shares during the period. Hudson Value Partners LLC lifted its stake in Procter & Gamble by 4.1% in the 2nd quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock valued at $250,000 after buying an additional 60 shares in the last quarter. Traveka Wealth LLC increased its holdings in shares of Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock valued at $616,000 after purchasing an additional 60 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Procter & Gamble by 2.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock worth $371,000 after acquiring an additional 61 shares during the period. Finally, LCM Capital Management Inc grew its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock valued at $925,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at $6,325,360. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the sale, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a report on Monday, September 30th. DA Davidson began coverage on Procter & Gamble in a research note on Wednesday. They issued a “neutral” rating and a $159.00 price objective for the company. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.21.

Procter & Gamble Stock Up 1.3 %

Shares of NYSE PG traded up $2.14 during mid-day trading on Friday, reaching $171.09. The company had a trading volume of 7,036,480 shares, compared to its average volume of 6,682,263. The company has a market capitalization of $403.80 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.67 and a beta of 0.41. The stock has a fifty day moving average of $171.48 and a two-hundred day moving average of $166.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 12-month low of $141.66 and a 12-month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 65.69%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.