American National Bank Lowers Stake in Procter & Gamble Co (PG)

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American National Bank lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,788 shares of the company’s stock after selling 908 shares during the quarter. American National Bank’s holdings in Procter & Gamble were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PG. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Procter & Gamble by 2.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 415,968 shares of the company’s stock valued at $32,470,000 after buying an additional 8,025 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Procter & Gamble by 21.7% in the second quarter. Private Advisor Group LLC now owns 140,991 shares of the company’s stock valued at $11,015,000 after buying an additional 25,173 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $989,000. Truepoint Inc. raised its holdings in shares of Procter & Gamble by 1,148.6% in the second quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock valued at $23,407,000 after buying an additional 275,846 shares during the last quarter. Finally, Sun Life Financial INC raised its holdings in shares of Procter & Gamble by 933.1% in the second quarter. Sun Life Financial INC now owns 20,208 shares of the company’s stock valued at $1,577,000 after buying an additional 18,252 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

NYSE PG opened at $101.96 on Tuesday. The stock has a market cap of $256.29 billion, a P/E ratio of 24.16, a PEG ratio of 3.31 and a beta of 0.38. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $103.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, sell-side analysts predict that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

In other Procter & Gamble news, insider Gary A. Coombe sold 9,000 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $93.90, for a total transaction of $845,100.00. Following the transaction, the insider now directly owns 18,517 shares in the company, valued at $1,738,746.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total transaction of $2,972,700.00. Following the transaction, the chairman now owns 223,849 shares in the company, valued at $22,181,197.41. The disclosure for this sale can be found here. Insiders have sold 2,270,496 shares of company stock worth $224,931,027 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on PG shares. Citigroup upped their target price on shares of Procter & Gamble from $99.00 to $104.00 and gave the company a “buy” rating in a report on Monday, December 10th. Bank of America raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a report on Thursday, December 13th. Morgan Stanley raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $91.00 to $106.00 in a report on Thursday, December 13th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Wednesday, December 19th. Finally, Barclays reaffirmed a “hold” rating and issued a $89.00 target price on shares of Procter & Gamble in a report on Tuesday, January 8th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $96.21.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company 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 Procter & Gamble (NYSE:PG)

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