Enterprise Bank & Trust Co increased its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,921 shares of the company’s stock after buying an additional 80 shares during the period. Enterprise Bank & Trust Co’s holdings in Procter & Gamble were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. EWG Elevate Inc. bought a new position in Procter & Gamble in the fourth quarter worth approximately $26,000. Silicon Valley Capital Partners bought a new position in Procter & Gamble in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in Procter & Gamble in the third quarter worth approximately $30,000. Luken Investment Analytics LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $37,000. Finally, Bourgeon Capital Management LLC raised its stake in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.
Insiders Place Their Bets
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 13,697 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $155.76, for a total value of $2,133,444.72. Following the completion of the transaction, the chief accounting officer now owns 883 shares in the company, valued at $137,536.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the transaction, the chief operating officer now owns 10,014 shares in the company, valued at approximately $1,562,484.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 13,697 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $155.76, for a total transaction of $2,133,444.72. Following the transaction, the chief accounting officer now owns 883 shares of the company’s stock, valued at approximately $137,536.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,093 shares of company stock worth $14,821,930. Company insiders own 0.26% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current year.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were given a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio is 65.51%.
Analysts Set New Price Targets
PG has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Raymond James upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Sunday, April 23rd. Royal Bank of Canada upped their price target on Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Monday, April 24th. Evercore ISI upped their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Finally, Jefferies Financial Group upped their price target on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.50.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.
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