Peoples Bank OH Has $3.04 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Peoples Bank OH decreased its position in The Procter & Gamble Company (NYSE:PG) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,109 shares of the company’s stock after selling 1,740 shares during the period. Procter & Gamble makes up 1.8% of Peoples Bank OH’s portfolio, making the stock its 16th largest position. Peoples Bank OH’s holdings in Procter & Gamble were worth $3,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cordatus Wealth Management LLC grew its holdings in shares of Procter & Gamble by 3.8% in the 4th quarter. Cordatus Wealth Management LLC now owns 26,840 shares of the company’s stock valued at $4,499,000 after buying an additional 976 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $395,000. Legacy Capital Group California Inc. boosted its stake in Procter & Gamble by 6.1% in the 4th quarter. Legacy Capital Group California Inc. now owns 1,503 shares of the company’s stock worth $252,000 after purchasing an additional 86 shares during the period. Trinity Legacy Partners LLC boosted its stake in Procter & Gamble by 3.9% in the 4th quarter. Trinity Legacy Partners LLC now owns 34,255 shares of the company’s stock worth $5,743,000 after purchasing an additional 1,285 shares during the period. Finally, Financial Harvest LLC acquired a new position in Procter & Gamble in the 4th quarter worth $246,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’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 transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PG. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. UBS Group reduced their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Eight investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Stock Up 0.5 %

Shares of PG stock opened at $167.26 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s 50-day moving average is $166.05 and its 200-day moving average is $169.43. The stock has a market cap of $392.21 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.74 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

About Procter & Gamble

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.