Baker Boyer National Bank Has $849,000 Holdings in The Procter & Gamble Company (NYSE:PG)

Baker Boyer National Bank lessened its stake in The Procter & Gamble Company (NYSE:PG) by 1.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,597 shares of the company’s stock after selling 84 shares during the quarter. Procter & Gamble makes up 0.3% of Baker Boyer National Bank’s holdings, making the stock its 29th largest position. Baker Boyer National Bank’s holdings in Procter & Gamble were worth $849,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners acquired a new position in Procter & Gamble in the 4th quarter valued at approximately $28,000. GW&K Investment Management LLC acquired a new position in Procter & Gamble in the 1st quarter valued at approximately $28,000. IAG Wealth Partners LLC increased its stake in Procter & Gamble by 58.8% in the 1st quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after buying an additional 90 shares during the period. Kepos Capital LP acquired a new position in Procter & Gamble in the 4th quarter valued at approximately $38,000. Finally, Ten Capital Wealth Advisors LLC increased its stake in Procter & Gamble by 325.8% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 63.43% of the company’s stock.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 8,387 shares of Procter & Gamble stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the sale, the chief executive officer now directly owns 962 shares in the company, valued at approximately $150,908.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42. Following the completion of the transaction, the chief executive officer now directly owns 6,310 shares of the company’s stock, valued at approximately $964,294.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 8,387 shares of Procter & Gamble stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the transaction, the chief executive officer now directly owns 962 shares of the company’s stock, valued at $150,908.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,607 shares of company stock worth $16,523,793. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Barclays increased their price target on shares of Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $164.82.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $154.05 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.38. The firm has a fifty day moving average price of $153.35 and a two-hundred day moving average price of $150.37. The company has a market cap of $363.14 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The firm had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.73%.

About Procter & Gamble

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.