First National Bank Sioux Falls decreased its holdings in Procter & Gamble Co (NYSE:PG) by 4.3% in the third quarter, Holdings Channel.com reports. The firm owned 5,444 shares of the company’s stock after selling 245 shares during the period. Procter & Gamble makes up approximately 2.2% of First National Bank Sioux Falls’ investment portfolio, making the stock its 16th biggest position. First National Bank Sioux Falls’ holdings in Procter & Gamble were worth $677,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at $25,000. Camarda Financial Advisors LLC raised its holdings in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Lucia Wealth Services LLC bought a new position in Procter & Gamble in the 3rd quarter worth $29,000. Dougherty Wealth Advisers LLC raised its holdings in Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after purchasing an additional 150 shares in the last quarter. 65.62% of the stock is owned by institutional investors.
In related news, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock worth $53,197,461 over the last ninety days. Insiders own 1.75% of the company’s stock.
Several research analysts have commented on the stock. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. SunTrust Banks upped their price objective on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada restated a “neutral” rating and issued a $89.00 price objective on shares of Procter & Gamble in a report on Tuesday, July 30th. Finally, TheStreet lowered shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $108.95.
Shares of NYSE:PG traded down $0.06 during midday trading on Friday, reaching $121.88. The company’s stock had a trading volume of 251,082 shares, compared to its average volume of 6,660,306. The firm has a 50 day moving average of $121.79 and a 200-day moving average of $112.57. The firm has a market capitalization of $302.64 billion, a P/E ratio of 26.92, a PEG ratio of 3.51 and a beta of 0.42. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $125.36.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, research analysts predict that Procter & Gamble Co will post 4.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is presently 65.93%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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