Community Trust & Investment Co. boosted its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,953 shares of the company’s stock after purchasing an additional 679 shares during the quarter. Procter & Gamble makes up 1.6% of Community Trust & Investment Co.’s investment portfolio, making the stock its 15th largest position. Community Trust & Investment Co.’s holdings in Procter & Gamble were worth $18,877,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in PG. Capital Investment Advisory Services LLC boosted its position in shares of Procter & Gamble by 4.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 36,681 shares of the company’s stock valued at $5,559,000 after acquiring an additional 1,711 shares during the last quarter. Deuterium Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $675,000. Sweet Financial Partners LLC raised its holdings in shares of Procter & Gamble by 25.3% during the 1st quarter. Sweet Financial Partners LLC now owns 10,422 shares of the company’s stock valued at $1,550,000 after buying an additional 2,106 shares in the last quarter. CX Institutional raised its holdings in shares of Procter & Gamble by 4.1% during the 4th quarter. CX Institutional now owns 33,743 shares of the company’s stock valued at $5,114,000 after buying an additional 1,320 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 11.1% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after buying an additional 3,089 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.
Procter & Gamble Price Performance
PG opened at $151.74 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11. The stock has a market capitalization of $357.65 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 4.15 and a beta of 0.41. The stock’s 50 day moving average price is $150.41 and its 200-day moving average price is $147.39.
Procter & Gamble Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, April 20th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s payout ratio is currently 65.51%.
Insider Activity at Procter & Gamble
In related news, insider Susan Street Whaley sold 4,852 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the sale, the insider now directly owns 7,977 shares in the company, valued at $1,240,184.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total value of $754,340.44. Following the sale, the insider now directly owns 7,977 shares of the company’s stock, valued at $1,240,184.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the sale, the chief executive officer now directly owns 9,343 shares in the company, valued at $1,465,356.12. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock worth $14,821,930 over the last ninety days. 0.26% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
PG has been the topic of a number of research reports. Raymond James raised their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Sunday, April 23rd. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Royal Bank of Canada raised their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Evercore ISI lifted their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $161.50.
Procter & Gamble Company Profile
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.
Featured Articles
- Five stocks we like better than Procter & Gamble
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
- SMART Global Holdings Momentum, Room To Move Higher?
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
