Somerset Trust Co Increases Stake in The Procter & Gamble Company (NYSE:PG)

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Somerset Trust Co lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,193 shares of the company’s stock after acquiring an additional 534 shares during the period. Somerset Trust Co’s holdings in The Procter & Gamble were worth $2,668,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Command Bank grew its position in The Procter & Gamble by 41.0% in the second quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after acquiring an additional 6,970 shares in the last quarter. CAPROCK Group Inc. grew its position in The Procter & Gamble by 2.9% in the second quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock valued at $5,925,000 after acquiring an additional 1,401 shares in the last quarter. Samalin Investment Counsel LLC grew its position in The Procter & Gamble by 16.8% in the second quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,244 shares in the last quarter. Wedge Capital Management L L P NC grew its position in The Procter & Gamble by 3.2% in the second quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after acquiring an additional 162 shares in the last quarter. Finally, CWS Financial Advisors LLC grew its position in The Procter & Gamble by 195.8% in the second quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock valued at $1,945,000 after acquiring an additional 10,768 shares in the last quarter. Institutional investors and hedge funds own 62.81% of the company’s stock.

Several brokerages have issued reports on PG. Morgan Stanley increased their price objective on shares of The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Jefferies Financial Group increased their target price on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday, October 12th. SunTrust Banks increased their target price on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Berenberg Bank increased their target price on The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $137.87.

PG traded up $0.56 during trading hours on Friday, hitting $144.39. 6,807,859 shares of the stock were exchanged, compared to its average volume of 8,382,961. The stock has a 50-day simple moving average of $138.93 and a 200-day simple moving average of $125.52. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $145.87. The stock has a market cap of $359.48 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 5.4 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s payout ratio is 61.72%.

In other The Procter & Gamble news, insider Kathleen B. Fish sold 15,887 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $137.49, for a total value of $2,184,303.63. Following the sale, the insider now directly owns 21,138 shares in the company, valued at $2,906,263.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 4,688 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the transaction, the vice president now directly owns 26,704 shares in the company, valued at $3,692,629.12. The disclosure for this sale can be found here. Insiders sold 272,757 shares of company stock worth $36,738,374 over the last quarter. 0.70% of the stock is currently owned by company insiders.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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