15,174 Shares in Procter & Gamble Company (The) $PG Bought by First Nebraska Trust Co

First Nebraska Trust Co bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,174 shares of the company’s stock, valued at approximately $2,204,000.

Other hedge funds have also recently made changes to their positions in the company. Ellis Investment Partners LLC increased its position in Procter & Gamble by 0.7% during the 3rd quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after buying an additional 64 shares in the last quarter. Clark Wealth Partners boosted its holdings in Procter & Gamble by 20.6% in the third quarter. Clark Wealth Partners now owns 387 shares of the company’s stock worth $56,000 after acquiring an additional 66 shares in the last quarter. Kuhn & Co Investment Counsel grew its stake in shares of Procter & Gamble by 1.0% in the third quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after acquiring an additional 66 shares during the last quarter. Whelan Financial grew its stake in shares of Procter & Gamble by 1.9% in the third quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after acquiring an additional 68 shares during the last quarter. Finally, KLCM Advisors Inc. grew its stake in shares of Procter & Gamble by 0.9% in the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock worth $1,140,000 after acquiring an additional 70 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. HSBC lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $182.00 to $149.00 in a research report on Thursday, July 30th. Piper Sandler upped their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price objective on the stock in a research report on Tuesday, October 6th. DZ Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Finally, BNP Paribas Exane raised their price objective on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

  • Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
  • Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
  • Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
  • Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction

Insider Buying and Selling

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares of the company’s stock, valued at $9,033,718.19. This trade represents a 38.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew W. Janzaruk sold 9,479 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $207,173. The trade was a 88.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 128,085 shares of company stock worth $20,696,098 in the last three months. 0.23% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

PG stock opened at $161.80 on Wednesday. The stock’s 50 day simple moving average is $150.68 and its 200 day simple moving average is $149.12. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The stock has a market capitalization of $375.02 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

About Procter & Gamble

(Free Report)

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

Further Reading

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

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