Old North State Trust LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Old North State Trust LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,684 shares of the company’s stock after buying an additional 1,983 shares during the period. Procter & Gamble comprises 1.2% of Old North State Trust LLC’s holdings, making the stock its 12th biggest holding. Old North State Trust LLC’s holdings in Procter & Gamble were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Procter & Gamble by 1.4% in the 1st quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock valued at $24,064,473,000 after buying an additional 2,157,319 shares during the period. Geode Capital Management LLC boosted its position in Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after buying an additional 510,559 shares during the period. Morgan Stanley boosted its position in Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP boosted its position in Procter & Gamble by 1.6% in the 1st quarter. Wellington Management Group LLP now owns 33,776,598 shares of the company’s stock valued at $5,022,242,000 after buying an additional 547,738 shares during the period. 63.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Shailesh Jejurikar sold 11,522 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $154.13, for a total value of $1,775,885.86. Following the sale, the chief operating officer now directly owns 10,135 shares of the company’s stock, valued at approximately $1,562,107.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the completion of the sale, the chief accounting officer now directly owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PG shares. William Blair began coverage on shares of Procter & Gamble in a research report on Friday, September 8th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.82.

Procter & Gamble Trading Down 0.8 %

Shares of Procter & Gamble stock opened at $153.46 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38. The firm has a market capitalization of $361.75 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.81 and a beta of 0.42. The firm’s 50 day simple moving average is $153.26 and its two-hundred day simple moving average is $150.09.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the business posted $1.21 EPS. Procter & Gamble’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is 63.73%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.