Montecito Bank & Trust Buys 220 Shares of The Procter & Gamble Company (NYSE:PG)

Montecito Bank & Trust increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,496 shares of the company’s stock after acquiring an additional 220 shares during the period. Procter & Gamble accounts for about 0.9% of Montecito Bank & Trust’s holdings, making the stock its 25th biggest holding. Montecito Bank & Trust’s holdings in Procter & Gamble were worth $5,280,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FCG Investment Co lifted its stake in Procter & Gamble by 7.2% in the fourth quarter. FCG Investment Co now owns 7,418 shares of the company’s stock valued at $1,244,000 after acquiring an additional 499 shares during the last quarter. Apeiron RIA LLC lifted its stake in Procter & Gamble by 14.2% in the 4th quarter. Apeiron RIA LLC now owns 5,222 shares of the company’s stock valued at $875,000 after purchasing an additional 651 shares during the last quarter. Secure Asset Management LLC grew its holdings in Procter & Gamble by 28.1% during the fourth quarter. Secure Asset Management LLC now owns 5,083 shares of the company’s stock worth $852,000 after purchasing an additional 1,115 shares during the period. Red Door Wealth Management LLC increased its position in Procter & Gamble by 2.9% during the fourth quarter. Red Door Wealth Management LLC now owns 52,069 shares of the company’s stock worth $8,729,000 after buying an additional 1,461 shares during the last quarter. Finally, Madrona Financial Services LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $382,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PG shares. Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $164.41 on Friday. The Procter & Gamble Company has a 1 year low of $152.06 and a 1 year high of $180.43. The firm has a market capitalization of $387.20 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $168.96 and its 200 day simple moving average is $169.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. As a group, research analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is currently 64.01%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.