First Financial Bank Trust Division Has $32.81 Million Stake in Procter & Gamble Company (The) $PG

First Financial Bank Trust Division trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,928 shares of the company’s stock after selling 6,300 shares during the quarter. Procter & Gamble comprises 2.7% of First Financial Bank Trust Division’s portfolio, making the stock its 10th largest position. First Financial Bank Trust Division’s holdings in Procter & Gamble were worth $32,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth about $25,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $32,000. Caitlin John LLC acquired a new position in shares of Procter & Gamble during the third quarter worth approximately $34,000. Finally, Marquette Asset Management LLC bought a new position in Procter & Gamble in the 3rd quarter worth approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 3.1%

NYSE PG opened at $146.71 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The company’s 50 day simple moving average is $153.95 and its 200 day simple moving average is $150.86. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company has a market capitalization of $340.96 billion, a P/E ratio of 21.74, a PEG ratio of 5.06 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share. Equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Analysts Set New Price Targets

PG has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Piper Sandler initiated coverage on Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Check Out Our Latest Stock Analysis on PG

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the sale, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 348,618 shares of company stock worth $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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