Indiana Trust & Investment Management Co Has $1.96 Million Stake in The Procter & Gamble Company (NYSE:PG)

Indiana Trust & Investment Management Co lowered its position in The Procter & Gamble Company (NYSE:PG) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,695 shares of the company’s stock after selling 1,532 shares during the period. Procter & Gamble accounts for 0.7% of Indiana Trust & Investment Management Co’s portfolio, making the stock its 29th largest holding. Indiana Trust & Investment Management Co’s holdings in Procter & Gamble were worth $1,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. AMF Tjanstepension AB increased its holdings in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the last quarter. Fiduciary Alliance LLC boosted its position in Procter & Gamble by 111.1% during the third quarter. Fiduciary Alliance LLC now owns 4,773 shares of the company’s stock worth $827,000 after purchasing an additional 2,512 shares during the period. CX Institutional grew its holdings in Procter & Gamble by 15.0% during the third quarter. CX Institutional now owns 48,202 shares of the company’s stock valued at $8,349,000 after purchasing an additional 6,299 shares during the last quarter. Creative Planning raised its position in shares of Procter & Gamble by 3.5% in the third quarter. Creative Planning now owns 1,393,443 shares of the company’s stock valued at $241,344,000 after purchasing an additional 47,551 shares during the period. Finally, Iams Wealth Management LLC lifted its stake in shares of Procter & Gamble by 9.8% in the third quarter. Iams Wealth Management LLC now owns 12,262 shares of the company’s stock worth $2,124,000 after buying an additional 1,094 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Barclays increased their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus increased 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. Eight 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Price Performance

Shares of PG stock opened at $169.53 on Wednesday. The stock’s fifty day simple moving average is $167.06 and its 200 day simple moving average is $169.44. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $397.52 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 in the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble 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.