Cadence Bank NA Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Cadence Bank NA boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 23.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,423 shares of the company’s stock after acquiring an additional 28,179 shares during the period. The Procter & Gamble comprises about 6.4% of Cadence Bank NA’s investment portfolio, making the stock its biggest holding. Cadence Bank NA’s holdings in The Procter & Gamble were worth $20,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allied Investment Advisors LLC raised its holdings in shares of The Procter & Gamble by 3.8% during the first quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock valued at $5,972,000 after buying an additional 1,601 shares during the last quarter. New England Investment & Retirement Group Inc. bought a new stake in The Procter & Gamble during the first quarter worth approximately $2,481,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in The Procter & Gamble by 0.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 950,534 shares of the company’s stock worth $128,731,000 after purchasing an additional 8,664 shares in the last quarter. Bangor Savings Bank raised its holdings in The Procter & Gamble by 1.2% during the fourth quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after purchasing an additional 86 shares in the last quarter. Finally, We Are One Seven LLC raised its holdings in The Procter & Gamble by 12.5% during the first quarter. We Are One Seven LLC now owns 11,552 shares of the company’s stock worth $1,564,000 after purchasing an additional 1,279 shares in the last quarter. 63.05% of the stock is currently owned by institutional investors.

Several brokerages recently commented on PG. JPMorgan Chase & Co. dropped their target price on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday, April 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and issued a $150.00 price target (down previously from $165.00) on shares of The Procter & Gamble in a research report on Tuesday, April 27th. Zacks Investment Research lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a research report on Thursday, January 21st. Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research report on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, April 27th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The Procter & Gamble presently has a consensus rating of “Buy” and an average price target of $148.93.

Shares of NYSE:PG traded up $0.56 during trading on Monday, reaching $138.57. 182,618 shares of the company traded hands, compared to its average volume of 8,194,223. The firm has a fifty day simple moving average of $135.28 and a 200 day simple moving average of $134.39. The firm has a market cap of $339.25 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a 1-year low of $111.43 and a 1-year high of $146.92. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company had revenue of $18.10 billion during the quarter, compared to analyst estimates of $18 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be paid a $0.8698 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 22nd. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is presently 67.97%.

In related news, Director Nelson Peltz sold 1,000,000 shares of The Procter & Gamble stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $134.65, for a total value of $134,650,000.00. Following the completion of the sale, the director now owns 5,390 shares of the company’s stock, valued at approximately $725,763.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. In the last ninety days, insiders sold 2,282,873 shares of company stock valued at $306,539,932. 0.70% of the stock is owned by company insiders.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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