Private Trust Co. NA Has $8.78 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Private Trust Co. NA reduced its position in The Procter & Gamble Company (NYSE:PG) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,699 shares of the company’s stock after selling 696 shares during the period. Procter & Gamble accounts for approximately 0.9% of Private Trust Co. NA’s investment portfolio, making the stock its 12th largest holding. Private Trust Co. NA’s holdings in Procter & Gamble were worth $8,781,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter worth $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble during the second quarter worth about $29,000. POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,000. Quest Partners LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. This trade represents a 12.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,673 shares of company stock valued at $10,102,753. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PG. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Stock Up 1.1 %

PG opened at $178.21 on Monday. The stock has a fifty day moving average of $170.04 and a 200-day moving average of $168.66. The company has a market capitalization of $419.69 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.81 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $178.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.