Enterprise Bank & Trust Co Buys New Holdings in The Procter & Gamble Company (NYSE:PG)

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Enterprise Bank & Trust Co bought a new stake in The Procter & Gamble Company (NYSE:PG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,500 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors have also recently modified their holdings of the stock. Costello Asset Management INC purchased a new position in The Procter & Gamble in the second quarter valued at approximately $35,000. FAI Wealth Management increased its stake in The Procter & Gamble by 203.0% in the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the last quarter. Estate Counselors LLC purchased a new position in The Procter & Gamble in the second quarter valued at approximately $47,000. Barnett & Company Inc. increased its stake in The Procter & Gamble by 23.4% in the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares during the last quarter. Finally, Lountzis Asset Management LLC purchased a new position in The Procter & Gamble in the second quarter valued at approximately $58,000. 62.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on PG shares. SunTrust Banks increased their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Morgan Stanley raised their target price on shares of The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, October 5th. Berenberg Bank raised their target price on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday. Barclays restated a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $137.87.

PG traded up $0.56 during midday trading on Friday, hitting $144.39. The company’s stock had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The firm has a market cap of $359.48 billion, a P/E ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The firm has a 50-day moving average price of $138.93 and a two-hundred day moving average price of $125.52. The Procter & Gamble Company has a 52-week low of $94.34 and a 52-week high of $145.87.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 5.4 EPS for the current year.

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

In related news, VP Valarie L. Sheppard sold 4,688 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total transaction of $648,256.64. Following the transaction, the vice president now directly owns 26,704 shares of the company’s stock, valued at approximately $3,692,629.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now directly owns 39,929 shares in the company, valued at $5,190,770. The disclosure for this sale can be found here. Insiders have sold a total of 272,757 shares of company stock valued at $36,738,374 in the last quarter. Company insiders own 0.70% of the company’s stock.

About The Procter & Gamble

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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