FineMark National Bank & Trust Has $27.67 Million Holdings in The Procter & Gamble Company (NYSE:PG)

FineMark National Bank & Trust decreased its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,038 shares of the company’s stock after selling 1,111 shares during the quarter. Procter & Gamble makes up about 1.0% of FineMark National Bank & Trust’s investment portfolio, making the stock its 19th largest position. FineMark National Bank & Trust’s holdings in Procter & Gamble were worth $27,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PG. Prospect Financial Group LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $271,000. Modern Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 26.4% in the 4th quarter. Modern Wealth Management LLC now owns 55,260 shares of the company’s stock worth $9,258,000 after acquiring an additional 11,540 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Procter & Gamble during the 4th quarter worth approximately $2,278,000. Sequent Planning LLC increased its holdings in Procter & Gamble by 18.9% during the 4th quarter. Sequent Planning LLC now owns 3,774 shares of the company’s stock valued at $633,000 after purchasing an additional 600 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC raised its position in Procter & Gamble by 52.0% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 1,835 shares of the company’s stock valued at $308,000 after purchasing an additional 628 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.47.

Procter & Gamble Stock Down 0.6 %

Shares of NYSE PG opened at $165.73 on Tuesday. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week 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 market cap of $388.61 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.76 and a beta of 0.41. The firm has a 50 day moving average price of $168.11 and a 200 day moving average price of $169.58.

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

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.