The Procter & Gamble Company (NYSE:PG) Shares Sold by Indiana Trust & Investment Management CO


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Indiana Trust & Investment Management CO cut its position in The Procter & Gamble Company (NYSE:PG) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,283 shares of the company’s stock after selling 428 shares during the quarter. The Procter & Gamble accounts for 1.0% of Indiana Trust & Investment Management CO’s holdings, making the stock its 22nd largest holding. Indiana Trust & Investment Management CO’s holdings in The Procter & Gamble were worth $1,799,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PG. MD Financial Management Inc. purchased a new position in The Procter & Gamble in the fourth quarter valued at $28,000. Greenhouse Wealth Management LLC purchased a new position in The Procter & Gamble in the fourth quarter valued at $31,000. Luken Investment Analytics LLC purchased a new position in The Procter & Gamble in the fourth quarter valued at $34,000. Flagship Private Wealth LLC purchased a new position in The Procter & Gamble in the fourth quarter valued at $36,000. Finally, Grant Street Asset Management Inc. purchased a new stake in The Procter & Gamble during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 63.05% of the company’s stock.

Shares of The Procter & Gamble stock traded up $0.40 on Thursday, hitting $137.14. The stock had a trading volume of 109,736 shares, compared to its average volume of 8,402,357. The stock has a market cap of $337.70 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a 52-week low of $111.25 and a 52-week high of $146.92. The company’s 50 day moving average price is $129.24 and its 200 day moving average price is $135.38. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. The firm had revenue of $19.75 billion for the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 EPS. Analysts predict that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 22nd were given a $0.7907 dividend. This represents a $3.16 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, January 21st. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In related news, insider Marc S. Pritchard sold 95,163 shares of the business’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $130.65, for a total value of $12,433,045.95. Following the transaction, the insider now owns 224,749 shares in the company, valued at approximately $29,363,456.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nelson Peltz sold 408,880 shares of the business’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $128.71, for a total value of $52,626,944.80. Following the completion of the transaction, the director now owns 5,357 shares in the company, valued at approximately $689,499.47. The disclosure for this sale can be found here. Insiders sold a total of 629,838 shares of company stock worth $81,120,667 in the last 90 days. 0.70% of the stock is currently owned by insiders.

A number of analysts have issued reports on the company. Independent Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Friday, January 22nd. Stifel Nicolaus downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a report on Thursday, January 28th. Zacks Investment Research downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Thursday, January 21st. Sanford C. Bernstein assumed coverage on The Procter & Gamble in a report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, January 13th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $148.53.

The Procter & Gamble Company 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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