BTC Capital Management Inc. lifted its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,615 shares of the company’s stock after purchasing an additional 2,061 shares during the period. Procter & Gamble comprises 1.6% of BTC Capital Management Inc.’s portfolio, making the stock its 13th largest position. BTC Capital Management Inc.’s holdings in Procter & Gamble were worth $13,127,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ledyard National Bank grew its stake in shares of Procter & Gamble by 1.2% during the third quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock valued at $10,233,000 after acquiring an additional 961 shares in the last quarter. Autumn Glory Partners LLC raised its holdings in Procter & Gamble by 38.9% in the third quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after acquiring an additional 3,070 shares in the last quarter. Private Wealth Partners LLC boosted its stake in Procter & Gamble by 9.4% during the 3rd quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock valued at $3,586,000 after acquiring an additional 2,445 shares during the last quarter. Oak Harbor Wealth Partners LLC grew its holdings in Procter & Gamble by 11.1% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock worth $4,682,000 after acquiring an additional 3,089 shares in the last quarter. Finally, Udine Wealth Management Inc. acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $752,000. 62.13% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Procter & Gamble
In other news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock valued at $656,511 in the last 90 days. 0.26% of the stock is currently owned by insiders.
Procter & Gamble Stock Down 0.8 %
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 EPS. On average, research analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
PG has been the subject of a number of research analyst reports. StockNews.com started coverage on Procter & Gamble in a report on Thursday, March 16th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Procter & Gamble from $156.00 to $160.00 in a research report on Monday. Citigroup assumed coverage on Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective for the company. Wells Fargo & Company cut their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. Finally, Barclays reduced their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.
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 & Home Care, and Baby, Feminine & 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.
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