Bell Bank Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Bell Bank boosted its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,638 shares of the company’s stock after buying an additional 412 shares during the quarter. Bell Bank’s holdings in Procter & Gamble were worth $1,852,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Insight Inv LLC boosted its stake in Procter & Gamble by 0.8% in the fourth quarter. Insight Inv LLC now owns 8,331 shares of the company’s stock valued at $1,221,000 after acquiring an additional 70 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Procter & Gamble by 12.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 98,269 shares of the company’s stock valued at $14,400,000 after acquiring an additional 10,920 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in Procter & Gamble by 0.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 180,785 shares of the company’s stock valued at $26,492,000 after acquiring an additional 952 shares in the last quarter. Wolf Group Capital Advisors boosted its stake in Procter & Gamble by 5.7% in the fourth quarter. Wolf Group Capital Advisors now owns 10,289 shares of the company’s stock valued at $1,561,000 after acquiring an additional 552 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in Procter & Gamble by 23.3% in the fourth quarter. Iron Horse Wealth Management LLC now owns 1,275 shares of the company’s stock valued at $187,000 after acquiring an additional 241 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PG shares. Barclays raised their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Raymond James lifted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Get Our Latest Stock Report on PG

Procter & Gamble Trading Down 0.0 %

Shares of Procter & Gamble stock opened at $160.57 on Wednesday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The firm has a fifty day moving average price of $159.25 and a 200 day moving average price of $152.32. The stock has a market cap of $377.82 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s payout ratio is 62.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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