The Procter & Gamble Company (NYSE:PG) Shares Purchased by First Western Trust Bank

First Western Trust Bank grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 8.6% in the third quarter, Holdings Channel.com reports. The fund owned 13,403 shares of the company’s stock after buying an additional 1,066 shares during the quarter. First Western Trust Bank’s holdings in Procter & Gamble were worth $2,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PG. Strengthening Families & Communities LLC boosted its position in shares of Procter & Gamble by 12.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 12,127 shares of the company’s stock valued at $2,100,000 after purchasing an additional 1,378 shares during the period. J. W. Coons Advisors LLC lifted its stake in Procter & Gamble by 3.9% during the third quarter. J. W. Coons Advisors LLC now owns 26,159 shares of the company’s stock valued at $4,531,000 after buying an additional 981 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in shares of Procter & Gamble by 4.9% in the third quarter. Braun Stacey Associates Inc. now owns 125,041 shares of the company’s stock worth $21,657,000 after buying an additional 5,824 shares during the period. Richard C. Young & CO. LTD. increased its position in shares of Procter & Gamble by 0.4% in the third quarter. Richard C. Young & CO. LTD. now owns 121,285 shares of the company’s stock worth $21,007,000 after acquiring an additional 524 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Procter & Gamble by 3,831.2% during the third quarter. Quest Partners LLC now owns 8,688 shares of the company’s stock valued at $1,505,000 after acquiring an additional 8,467 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,597 shares of company stock worth $53,268,499. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a report on Monday, September 30th. TD Cowen assumed coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Performance

PG opened at $169.54 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market cap of $399.27 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The stock has a 50-day moving average of $170.32 and a 200-day moving average of $168.40. 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 issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s payout ratio is presently 69.48%.

Procter & Gamble Company Profile

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.