Cutler Investment Counsel LLC Has $9.92 Million Stake in The Procter & Gamble Company (NYSE:PG)

Cutler Investment Counsel LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,693 shares of the company’s stock after selling 1,119 shares during the quarter. Procter & Gamble makes up about 1.4% of Cutler Investment Counsel LLC’s holdings, making the stock its 29th biggest position. Cutler Investment Counsel LLC’s holdings in Procter & Gamble were worth $9,920,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PG. Wyrmwood Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $29,000. Mendota Financial Group LLC grew its position in Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $50,000. Morton Brown Family Wealth LLC lifted its stake in shares of Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after buying an additional 281 shares during the period. Finally, Activest Wealth Management grew its position in Procter & Gamble by 49.7% during the fourth quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after buying an additional 151 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PG. Raymond James upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Barclays raised their price target on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, UBS Group boosted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.53.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 over the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.01 during midday trading on Friday, reaching $157.28. The company had a trading volume of 6,357,312 shares, compared to its average volume of 6,856,039. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $159.13 and a 200 day simple moving average of $152.83. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a market capitalization of $370.08 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s payout ratio is currently 67.34%.

About Procter & Gamble

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.