Huntington National Bank Boosts Stake in Procter & Gamble Co (NYSE:PG)

Huntington National Bank lifted its holdings in Procter & Gamble Co (NYSE:PG) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 491,207 shares of the company’s stock after purchasing an additional 5,570 shares during the period. Procter & Gamble makes up approximately 1.0% of Huntington National Bank’s holdings, making the stock its 23rd largest holding. Huntington National Bank’s holdings in Procter & Gamble were worth $61,096,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PG. Slow Capital Inc. increased its position in shares of Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after acquiring an additional 86 shares during the last quarter. AMI Asset Management Corp increased its position in shares of Procter & Gamble by 0.7% during the third quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock valued at $1,671,000 after acquiring an additional 87 shares during the last quarter. Stony Point Wealth Management Inc. increased its position in shares of Procter & Gamble by 0.7% during the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after acquiring an additional 91 shares during the last quarter. Centric Wealth Management increased its position in shares of Procter & Gamble by 0.9% during the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock valued at $1,295,000 after acquiring an additional 91 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Procter & Gamble by 1.5% during the third quarter. First Mercantile Trust Co. now owns 6,164 shares of the company’s stock valued at $767,000 after acquiring an additional 92 shares during the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PG stock traded down $0.71 during trading on Thursday, reaching $119.61. The company’s stock had a trading volume of 2,195,508 shares, compared to its average volume of 7,173,763. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The company has a market capitalization of $296.94 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.24 and a beta of 0.42. The stock’s 50-day moving average price is $122.05 and its 200 day moving average price is $114.88. Procter & Gamble Co has a 1-year low of $86.74 and a 1-year high of $125.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In other Procter & Gamble news, insider Marc S. Pritchard sold 26,075 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares in the company, valued at approximately $17,377,687.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carolyn M. Tastad sold 10,662 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders have sold a total of 1,645,966 shares of company stock valued at $202,229,770 in the last quarter. 1.75% of the stock is currently owned by company insiders.

PG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Finally, Macquarie lifted their price objective on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $115.00.

Procter & Gamble Company 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.

See Also: Stock Symbol

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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