Warner Financial Inc. Buys 102 Shares of The Procter & Gamble Company (NYSE:PG)

Warner Financial Inc. increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,577 shares of the company’s stock after acquiring an additional 102 shares during the quarter. Warner Financial Inc.’s holdings in Procter & Gamble were worth $446,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Procter & Gamble by 5.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 266,282 shares of the company’s stock worth $46,120,000 after acquiring an additional 13,981 shares in the last quarter. Traphagen Investment Advisors LLC increased its position in Procter & Gamble by 8.1% in the third quarter. Traphagen Investment Advisors LLC now owns 4,864 shares of the company’s stock worth $842,000 after purchasing an additional 365 shares during the last quarter. Home Federal Bank of Tennessee raised its stake in Procter & Gamble by 0.8% during the third quarter. Home Federal Bank of Tennessee now owns 23,515 shares of the company’s stock valued at $4,073,000 after purchasing an additional 197 shares in the last quarter. Calton & Associates Inc. lifted its position in Procter & Gamble by 38.8% during the third quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $612,000 after purchasing an additional 989 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of Procter & Gamble by 9.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 52,245 shares of the company’s stock worth $9,049,000 after buying an additional 4,543 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the transaction, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents 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 three months. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent research reports. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Up 0.2 %

Shares of PG stock traded up $0.40 during trading hours on Tuesday, reaching $169.94. 3,290,291 shares of the company’s stock were exchanged, compared to its average volume of 6,670,426. The stock has a market cap of $401.08 billion, a PE ratio of 27.76, a PEG ratio of 3.74 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $171.82 and its two-hundred day moving average price is $167.33. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the firm earned $1.83 EPS. The firm’s revenue was down .6% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Procter & Gamble Profile

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.