Hickory Point Bank & Trust Purchases 83 Shares of The Procter & Gamble Company (NYSE:PG)

Hickory Point Bank & Trust lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,148 shares of the company’s stock after purchasing an additional 83 shares during the period. Procter & Gamble accounts for approximately 0.8% of Hickory Point Bank & Trust’s investment portfolio, making the stock its 28th biggest holding. Hickory Point Bank & Trust’s holdings in Procter & Gamble were worth $877,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cladis Investment Advisory LLC increased its stake in Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after acquiring an additional 236 shares during the period. FAS Wealth Partners Inc. increased its stake in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after acquiring an additional 549 shares during the period. Berkshire Asset Management LLC PA increased its stake in Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after acquiring an additional 2,179 shares during the period. Strategic Advisors LLC increased its stake in Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after acquiring an additional 1,818 shares during the period. Finally, Richard C. Young & CO. LTD. increased its stake in Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after acquiring an additional 2,568 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Evercore ISI restated an “outperform” rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Finally, Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Up 0.7%

NYSE PG opened at $164.01 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The business’s fifty day moving average is $164.01 and its 200 day moving average is $167.21.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the business posted $1.52 EPS. Procter & Gamble’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS 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 issued 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 of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

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.