Ames National Corp Invests $2.07 Million in The Procter & Gamble Company (NYSE:PG)

Ames National Corp acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,035 shares of the company’s stock, valued at approximately $2,074,000. Procter & Gamble makes up about 1.3% of Ames National Corp’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NCM Capital Management LLC raised its holdings in shares of Procter & Gamble by 44.5% in the 4th quarter. NCM Capital Management LLC now owns 7,076 shares of the company’s stock valued at $1,186,000 after purchasing an additional 2,178 shares in the last quarter. Glen Eagle Advisors LLC increased its holdings in Procter & Gamble by 1.2% in the fourth quarter. Glen Eagle Advisors LLC now owns 15,085 shares of the company’s stock valued at $2,529,000 after buying an additional 180 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $98,000. Kinloch Capital LLC lifted its holdings in Procter & Gamble by 2.1% during the 4th quarter. Kinloch Capital LLC now owns 23,832 shares of the company’s stock worth $3,995,000 after buying an additional 498 shares during the last quarter. Finally, Lantern Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $222,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction 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 in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $165.66 on Wednesday. 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 business has a 50 day simple moving average of $164.37 and a 200-day simple moving average of $167.30. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a market capitalization of $388.40 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. Procter & Gamble’s quarterly revenue was down 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current 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 given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Truist Financial lowered their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.52.

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.