The Procter & Gamble Company (NYSE:PG) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA reduced its position in The Procter & Gamble Company (NYSE:PG) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,410 shares of the company’s stock after selling 100 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Procter & Gamble were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PG. Regent Peak Wealth Advisors LLC raised its stake in Procter & Gamble by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company’s stock valued at $1,855,000 after acquiring an additional 139 shares during the last quarter. R.H. Investment Group LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $4,325,000. Floyd Financial Group LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $793,000. Bright Rock Capital Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $1,676,000. Finally, Community Trust & Investment Co. grew its position in Procter & Gamble by 0.8% in the 4th quarter. Community Trust & Investment Co. now owns 128,085 shares of the company’s stock valued at $21,473,000 after buying an additional 1,032 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PG. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.52.

Procter & Gamble Stock Up 2.7%

PG stock opened at $162.27 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company’s 50 day simple moving average is $164.69 and its 200-day simple moving average is $167.32. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The firm has a market capitalization of $380.45 billion, a PE ratio of 25.84, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the business posted $1.52 earnings per share. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.61%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is owned by insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.