Hilltop National Bank Sells 282 Shares of The Procter & Gamble Company (NYSE:PG)

Hilltop National Bank lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,012 shares of the company’s stock after selling 282 shares during the period. Procter & Gamble makes up about 0.8% of Hilltop National Bank’s investment portfolio, making the stock its 28th largest position. Hilltop National Bank’s holdings in Procter & Gamble were worth $2,684,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter worth about $33,000. Quest Partners LLC bought a new position in Procter & Gamble in the second quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $44,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG traded down $2.91 during trading hours on Friday, reaching $159.19. 2,531,893 shares of the company were exchanged, compared to its average volume of 5,868,981. The company has a market capitalization of $374.90 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business has a 50 day moving average of $169.77 and a 200 day moving average of $169.64.

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 net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the firm posted $1.83 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PG shares. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.75.

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.