Arvest Bank Trust Division Sells 2,309 Shares of Procter & Gamble Co (NYSE:PG)

Arvest Bank Trust Division cut its position in shares of Procter & Gamble Co (NYSE:PG) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,909 shares of the company’s stock after selling 2,309 shares during the quarter. Procter & Gamble makes up about 1.2% of Arvest Bank Trust Division’s investment portfolio, making the stock its 27th largest position. Arvest Bank Trust Division’s holdings in Procter & Gamble were worth $18,099,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Lucia Wealth Services LLC bought a new position in Procter & Gamble during the 3rd quarter worth approximately $29,000. Belmont Capital LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $34,000. Selective Wealth Management Inc. bought a new position in Procter & Gamble during the 3rd quarter worth approximately $35,000. Princeton Global Asset Management LLC grew its position in Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after acquiring an additional 150 shares during the last quarter. Finally, Ironwood Financial llc grew its position in Procter & Gamble by 27.3% during the 3rd quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Several research firms recently issued reports on PG. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Co raised their price target on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Macquarie raised their price target on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their price target on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $119.07.

NYSE PG opened at $124.69 on Wednesday. Procter & Gamble Co has a fifty-two week low of $89.08 and a fifty-two week high of $126.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The stock has a 50 day simple moving average of $124.13 and a two-hundred day simple moving average of $120.33. The stock has a market cap of $309.16 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 3.36 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter last year, the business posted $1.12 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.

In other Procter & Gamble news, Director Nelson Peltz sold 936,280 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total value of $115,977,003.60. Following the completion of the sale, the director now owns 3,844 shares in the company, valued at approximately $476,156.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Steven D. Bishop sold 41,165 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the completion of the sale, the chief executive officer now owns 45,176 shares of the company’s stock, valued at approximately $5,572,911.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,288,513 shares of company stock valued at $159,734,252. Company insiders own 1.75% of the company’s stock.

About Procter & Gamble

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

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