The Procter & Gamble Company (NYSE:PG) Shares Sold by First Financial Bank Trust Division


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First Financial Bank Trust Division reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,171 shares of the company’s stock after selling 6,922 shares during the quarter. The Procter & Gamble comprises approximately 4.5% of First Financial Bank Trust Division’s investment portfolio, making the stock its 3rd biggest holding. First Financial Bank Trust Division’s holdings in The Procter & Gamble were worth $40,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC raised its holdings in The Procter & Gamble by 0.9% in the fourth quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock valued at $1,140,000 after acquiring an additional 75 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of The Procter & Gamble by 0.4% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,818 shares of the company’s stock worth $2,479,000 after purchasing an additional 78 shares during the last quarter. West Coast Financial LLC grew its stake in The Procter & Gamble by 2.1% in the fourth quarter. West Coast Financial LLC now owns 4,026 shares of the company’s stock worth $560,000 after purchasing an additional 83 shares in the last quarter. AGF Investments LLC increased its holdings in The Procter & Gamble by 1.7% in the fourth quarter. AGF Investments LLC now owns 5,151 shares of the company’s stock valued at $717,000 after buying an additional 85 shares during the last quarter. Finally, Nicollet Investment Management Inc. raised its stake in The Procter & Gamble by 0.4% during the fourth quarter. Nicollet Investment Management Inc. now owns 23,673 shares of the company’s stock valued at $3,294,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.

In other The Procter & Gamble news, insider Marc S. Pritchard sold 95,163 shares of the company’s stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $130.65, for a total value of $12,433,045.95. Following the completion of the sale, the insider now directly owns 224,749 shares of the company’s stock, valued at approximately $29,363,456.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 629,838 shares of company stock valued at $81,120,667. 0.70% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on PG. Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a research note on Thursday, January 28th. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Friday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, January 13th. Zacks Investment Research lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a report on Thursday, January 21st. Finally, Sanford C. Bernstein initiated coverage on The Procter & Gamble in a report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $148.53.

Shares of PG traded up $0.64 during trading hours on Thursday, reaching $137.38. 32,524 shares of the company’s stock traded hands, compared to its average volume of 8,402,357. The Procter & Gamble Company has a twelve month low of $111.25 and a twelve month high of $146.92. The business’s fifty day simple moving average is $129.24 and its two-hundred day simple moving average is $135.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market capitalization of $338.29 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 (NYSE:PG) last released its earnings results on Tuesday, January 19th. The company reported $1.64 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 net margin of 18.92% and a return on equity of 30.69%. The Procter & Gamble’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 5.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Friday, January 22nd were given a $0.7907 dividend. The ex-dividend date was Thursday, January 21st. This represents a $3.16 dividend on an annualized basis and a yield of 2.30%. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

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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