1ST Source Bank reduced its stake in Procter & Gamble Co (NYSE:PG) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,947 shares of the company’s stock after selling 3,583 shares during the period. Procter & Gamble makes up 0.7% of 1ST Source Bank’s portfolio, making the stock its 20th largest holding. 1ST Source Bank’s holdings in Procter & Gamble were worth $8,275,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth about $125,000. Blume Capital Management Inc. boosted its stake in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Finally, Winfield Associates Inc. boosted its stake in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the period. Institutional investors own 59.56% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) opened at $90.15 on Friday. Procter & Gamble Co has a 52 week low of $83.37 and a 52 week high of $94.67. The firm has a market cap of $228,630.00, a price-to-earnings ratio of 24.10, a PEG ratio of 2.93 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is 73.80%.
In other news, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the sale, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.
Several research firms have issued reports on PG. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a research report on Monday, October 23rd. Jefferies Group reissued a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Bank of America boosted their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $89.31.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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