Willis Investment Counsel increased its stake in shares of Procter & Gamble Co (NYSE:PG) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,997 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. Procter & Gamble accounts for approximately 1.5% of Willis Investment Counsel’s holdings, making the stock its 20th biggest position. Willis Investment Counsel’s holdings in Procter & Gamble were worth $19,423,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $103,000. Twin Tree Management LP purchased a new position in shares of Procter & Gamble in the first quarter valued at $144,000. Corbyn Investment Management Inc. MD purchased a new position in shares of Procter & Gamble in the first quarter valued at $157,000. Financial Gravity Companies Inc. purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $171,000. Finally, Miles Capital Inc. purchased a new position in shares of Procter & Gamble in the first quarter valued at $206,000. Hedge funds and other institutional investors own 59.54% of the company’s stock.

PG opened at $81.43 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $205.29 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.62 and a beta of 0.58. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $94.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. equities analysts predict that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Friday, July 20th will be paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Thursday, July 19th. Procter & Gamble’s payout ratio is currently 68.01%.

In other Procter & Gamble news, insider Price Matthew sold 11,626 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $82.00, for a total value of $953,332.00. Following the sale, the insider now directly owns 27,496 shares of the company’s stock, valued at approximately $2,254,672. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Valarie L. Sheppard sold 27,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,035 shares of company stock worth $7,542,189. Corporate insiders own 0.35% of the company’s stock.

A number of brokerages have recently weighed in on PG. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. SunTrust Banks raised their price target on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Deutsche Bank raised their price target on Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley raised their price target on Procter & Gamble from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $88.00 price target on shares of Procter & Gamble in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $85.32.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

Read More: Market Capitalization – What it Means for Investors

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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