Montecito Bank & Trust Has $5.28 Million Position in The Procter & Gamble Company (NYSE:PG)

Montecito Bank & Trust increased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,496 shares of the company’s stock after purchasing an additional 220 shares during the period. Procter & Gamble makes up 0.9% of Montecito Bank & Trust’s portfolio, making the stock its 25th biggest position. Montecito Bank & Trust’s holdings in Procter & Gamble were worth $5,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiera Capital Corp boosted its position in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $856,000. MBB Public Markets I LLC boosted its holdings in shares of Procter & Gamble by 1,465.8% in the 2nd quarter. MBB Public Markets I LLC now owns 167,558 shares of the company’s stock worth $27,634,000 after acquiring an additional 156,857 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Procter & Gamble by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,041,770 shares of the company’s stock worth $336,729,000 after acquiring an additional 72,970 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Procter & Gamble by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after purchasing an additional 122,190 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.0 %

Shares of NYSE:PG opened at $164.41 on Friday. The company has a 50 day moving average price of $168.96 and a two-hundred day moving average price of $169.36. The company has a market capitalization of $387.20 billion, a PE ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $152.06 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is 64.01%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. UBS Group decreased their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday. Finally, Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and 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.