The Procter & Gamble Company (NYSE:PG) Stake Boosted by First National Bank of Hutchinson

First National Bank of Hutchinson raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 93.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,065 shares of the company’s stock after purchasing an additional 1,964 shares during the period. First National Bank of Hutchinson’s holdings in Procter & Gamble were worth $681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble in the third quarter worth $33,000. LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the fourth quarter valued at $34,000. Atlantic Private Wealth LLC boosted its holdings in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after acquiring an additional 101 shares during the period. Finally, Noble Wealth Management PBC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $39,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % 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 over the last 90 days. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.6 %

PG stock opened at $168.66 on Thursday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a 50 day simple moving average of $167.71 and a 200 day simple moving average of $169.77. The firm has a market cap of $395.47 billion, a PE ratio of 26.86, a P/E/G ratio of 3.76 and a beta of 0.41. 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 announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 earnings per share. Equities research analysts forecast 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 was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Analyst Ratings Changes

Several analysts recently weighed in on PG shares. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.47.

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.