West Branch Capital LLC Has $10.21 Million Position in The Procter & Gamble Company (NYSE:PG)

West Branch Capital LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,959 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Procter & Gamble comprises approximately 3.5% of West Branch Capital LLC’s investment portfolio, making the stock its 8th largest position. West Branch Capital LLC’s holdings in Procter & Gamble were worth $10,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PG. Cardano Risk Management B.V. increased its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Cardano Risk Management B.V. now owns 807,042 shares of the company’s stock valued at $130,943,000 after acquiring an additional 77,051 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of Procter & Gamble by 2.2% in the 1st quarter. First Affirmative Financial Network now owns 6,034 shares of the company’s stock valued at $979,000 after acquiring an additional 129 shares in the last quarter. Meyer Handelman Co. increased its stake in shares of Procter & Gamble by 0.5% in the 1st quarter. Meyer Handelman Co. now owns 565,266 shares of the company’s stock valued at $91,714,000 after acquiring an additional 2,604 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Procter & Gamble by 1.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 209,068 shares of the company’s stock valued at $33,921,000 after acquiring an additional 3,958 shares in the last quarter. Finally, Rockland Trust Co. grew its position in Procter & Gamble by 6.6% in the 1st quarter. Rockland Trust Co. now owns 208,658 shares of the company’s stock valued at $33,855,000 after purchasing an additional 12,937 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. 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 this link. Also, 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 383,194 shares of company stock worth $65,140,718. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. BNP Paribas assumed coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.01 during mid-day trading on Friday, reaching $171.28. 8,372,536 shares of the company’s stock were exchanged, compared to its average volume of 6,692,838. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The firm has a 50-day moving average price of $171.77 and a two-hundred day moving average price of $167.16. The firm has a market capitalization of $404.24 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the business posted $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

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 paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend 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.