Bremer Bank National Association Reduces Position in The Procter & Gamble Company (NYSE:PG)

Bremer Bank National Association decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,342 shares of the company’s stock after selling 1,070 shares during the period. Bremer Bank National Association’s holdings in Procter & Gamble were worth $4,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Strong Tower Advisory Services grew its position in shares of Procter & Gamble by 12.0% in the fourth quarter. Strong Tower Advisory Services now owns 12,068 shares of the company’s stock valued at $2,023,000 after purchasing an additional 1,297 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new position in Procter & Gamble during the 4th quarter valued at about $1,533,000. Thrive Wealth Management LLC increased its position in shares of Procter & Gamble by 12.8% during the fourth quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock valued at $2,850,000 after buying an additional 1,929 shares during the period. Diversify Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 48.7% in the fourth quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock worth $3,411,000 after buying an additional 7,045 shares in the last quarter. Finally, Smart Money Group LLC boosted its position in shares of Procter & Gamble by 7.5% in the fourth quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock valued at $886,000 after acquiring an additional 370 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,447 shares of company stock valued at $12,978,820. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PG shares. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Barclays decreased their target price on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group cut their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock opened at $161.35 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business has a 50-day moving average of $169.19 and a 200 day moving average of $169.46. The stock has a market capitalization of $379.98 billion, a PE ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

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.