Morton Community Bank Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Morton Community Bank boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,496 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Morton Community Bank’s holdings in Procter & Gamble were worth $3,436,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Procter & Gamble in the 4th quarter worth about $1,010,685,000. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Procter & Gamble by 1,195.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Procter & Gamble in the 3rd quarter worth about $301,950,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $176.06 on Monday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. 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 stock has a 50 day moving average price of $166.85 and a 200-day moving average price of $169.77. The stock has a market cap of $412.84 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PG. Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective 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. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler cut their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by company insiders.

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.