Indiana Trust & Investment Management Co Has $2.29 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Indiana Trust & Investment Management Co increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,227 shares of the company’s stock after acquiring an additional 1,182 shares during the quarter. Procter & Gamble comprises about 0.8% of Indiana Trust & Investment Management Co’s investment portfolio, making the stock its 23rd largest position. Indiana Trust & Investment Management Co’s holdings in Procter & Gamble were worth $2,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Procter & Gamble by 23.1% during the first quarter. GAMMA Investing LLC now owns 16,026 shares of the company’s stock worth $2,600,000 after purchasing an additional 3,009 shares during the period. Chickasaw Capital Management LLC grew its position in shares of Procter & Gamble by 2.6% during the 1st quarter. Chickasaw Capital Management LLC now owns 10,106 shares of the company’s stock worth $1,640,000 after buying an additional 260 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 10.9% in the 1st quarter. Carolina Wealth Advisors LLC now owns 710 shares of the company’s stock valued at $115,000 after acquiring an additional 70 shares during the last quarter. Marion Wealth Management raised its position in shares of Procter & Gamble by 21.5% in the 1st quarter. Marion Wealth Management now owns 3,389 shares of the company’s stock valued at $550,000 after acquiring an additional 599 shares during the period. Finally, Bath Savings Trust Co boosted its stake in Procter & Gamble by 11.1% during the 1st quarter. Bath Savings Trust Co now owns 43,231 shares of the company’s stock worth $7,014,000 after acquiring an additional 4,326 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

Procter & Gamble Stock Performance

PG opened at $172.36 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The business’s 50-day simple moving average is $171.72 and its 200 day simple moving average is $167.00. The firm has a market capitalization of $406.78 billion, a PE ratio of 28.16, a PEG ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.