First United Bank & Trust Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

First United Bank & Trust grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 17,236 shares of the company’s stock after purchasing an additional 100 shares during the period. First United Bank & Trust’s holdings in Procter & Gamble were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Asset Management Group Inc. lifted its stake in shares of Procter & Gamble by 0.6% in the 2nd quarter. Asset Management Group Inc. now owns 12,508 shares of the company’s stock valued at $1,688,000 after purchasing an additional 72 shares during the period. Bond & Devick Financial Network Inc. raised its position in Procter & Gamble by 1.0% during the third quarter. Bond & Devick Financial Network Inc. now owns 7,333 shares of the company’s stock worth $1,025,000 after acquiring an additional 72 shares during the period. Granite Investment Partners LLC raised its position in Procter & Gamble by 0.5% during the second quarter. Granite Investment Partners LLC now owns 15,053 shares of the company’s stock worth $2,031,000 after acquiring an additional 73 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Procter & Gamble by 0.3% in the second quarter. Harbor Investment Advisory LLC now owns 21,532 shares of the company’s stock valued at $2,905,000 after buying an additional 74 shares during the last quarter. Finally, Certified Advisory Corp raised its position in shares of Procter & Gamble by 1.1% in the second quarter. Certified Advisory Corp now owns 7,083 shares of the company’s stock valued at $955,000 after buying an additional 74 shares during the last quarter. 62.94% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on PG. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd. Bank of America started coverage on shares of Procter & Gamble in a research note on Tuesday, October 5th. They issued a “buy” rating for the company. Evercore ISI reissued a “buy” rating and issued a $163.00 price objective on shares of Procter & Gamble in a research note on Sunday, September 12th. Credit Suisse Group raised their price objective on shares of Procter & Gamble from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an “overweight” rating in a research note on Tuesday, September 7th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Hold” and an average price target of $149.41.

NYSE:PG opened at $148.66 on Thursday. The firm’s fifty day moving average price is $143.53 and its 200 day moving average price is $140.59. The Procter & Gamble Company has a 1-year low of $121.54 and a 1-year high of $149.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $359.75 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. During the same period last year, the firm posted $1.63 EPS. Procter & Gamble’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 5.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were given a $0.8698 dividend. The ex-dividend date of this dividend was Thursday, October 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is 63.62%.

In other Procter & Gamble news, Director Nelson Peltz sold 207,000 shares of the business’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $142.43, for a total transaction of $29,483,010.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David S. Taylor sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $146.00, for a total transaction of $7,300,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 358,249 shares of company stock worth $51,740,197. 0.51% of the stock is currently owned by insiders.

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 & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

Further Reading: What does RSI mean?

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

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