First Financial Corp IN boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% during the 3rd quarter, Holdings Channel reports. The fund owned 13,227 shares of the company’s stock after acquiring an additional 152 shares during the quarter. The Procter & Gamble comprises 1.6% of First Financial Corp IN’s portfolio, making the stock its 10th largest holding. First Financial Corp IN’s holdings in The Procter & Gamble were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of PG. Costello Asset Management INC acquired a new position in shares of The Procter & Gamble in the 2nd quarter worth $35,000. FAI Wealth Management lifted its position in shares of The Procter & Gamble by 203.0% in the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock worth $36,000 after buying an additional 203 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of The Procter & Gamble in the second quarter worth about $47,000. Barnett & Company Inc. increased its stake in shares of The Procter & Gamble by 23.4% in the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock worth $54,000 after purchasing an additional 86 shares during the period. Finally, Lountzis Asset Management LLC bought a new position in shares of The Procter & Gamble in the second quarter worth about $58,000. Hedge funds and other institutional investors own 62.81% of the company’s stock.
In related news, CEO David S. Taylor sold 30,000 shares of The Procter & Gamble stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.22, for a total transaction of $3,906,600.00. Following the completion of the transaction, the chief executive officer now owns 273,429 shares in the company, valued at $35,605,924.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of The Procter & Gamble stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total value of $398,940.66. The disclosure for this sale can be found here. Insiders sold a total of 272,757 shares of company stock worth $36,738,374 in the last three months. Company insiders own 0.70% of the company’s stock.
A number of research firms have recently commented on PG. Barclays reiterated a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Jefferies Financial Group boosted their price target on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks lifted their price objective on The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Finally, Morgan Stanley lifted their price objective on The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, October 5th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $136.60.
NYSE:PG traded down $0.21 during trading hours on Thursday, hitting $143.83. 47,629 shares of the stock were exchanged, compared to its average volume of 8,407,948. The company’s 50 day moving average is $138.73 and its two-hundred day moving average is $125.10. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.33. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $358.61 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.
The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 5.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is presently 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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