First American Bank Raises Holdings in The Procter & Gamble Company (NYSE:PG)

First American Bank lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 133,923 shares of the company’s stock after purchasing an additional 1,508 shares during the period. Procter & Gamble comprises 1.6% of First American Bank’s investment portfolio, making the stock its 12th largest position. First American Bank’s holdings in Procter & Gamble were worth $22,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AMF Tjanstepension AB increased its stake in shares of Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares in the last quarter. Swedbank AB grew its holdings in shares of Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock worth $260,432,000 after purchasing an additional 56,583 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of Procter & Gamble by 1.0% during the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Procter & Gamble by 63.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 29,239 shares of the company’s stock worth $5,064,000 after buying an additional 11,385 shares in the last quarter. Finally, Oak Harvest Investment Services raised its stake in Procter & Gamble by 15.7% in the third quarter. Oak Harvest Investment Services now owns 40,782 shares of the company’s stock worth $7,063,000 after buying an additional 5,546 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

Procter & Gamble stock opened at $172.07 on Friday. The company has a market cap of $403.48 billion, a P/E ratio of 27.40, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s 50-day moving average is $166.17 and its 200-day moving average is $169.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is 64.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PG shares. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays boosted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.42.

Procter & Gamble Company Profile

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.