The Procter & Gamble Company (NYSE:PG) Stock Holdings Increased by Norway Savings Bank

Norway Savings Bank raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.0% during the 3rd quarter, Holdings Channel reports. The fund owned 19,269 shares of the company’s stock after purchasing an additional 1,263 shares during the period. Procter & Gamble makes up approximately 1.3% of Norway Savings Bank’s portfolio, making the stock its 19th largest holding. Norway Savings Bank’s holdings in Procter & Gamble were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PG. Paragon Wealth Strategies LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at $33,000. KB Financial Partners LLC acquired a new position in shares of Procter & Gamble during the 1st quarter valued at $41,000. Monumental Financial Group Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at $47,000. Aspire Private Capital LLC increased its position in shares of Procter & Gamble by 85.3% during the 1st quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after purchasing an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at $60,000. Institutional investors own 62.94% of the company’s stock.

In other Procter & Gamble news, Director Nelson Peltz sold 207,000 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total value of $29,483,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 8,115 shares of the business’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $148.40, for a total value of $1,204,266.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 358,249 shares of company stock valued at $51,740,197. Insiders own 0.51% of the company’s stock.

PG opened at $148.66 on Thursday. The stock has a market cap of $359.75 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.70 and a beta of 0.43. The Procter & Gamble Company has a 1 year low of $121.54 and a 1 year high of $149.50. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $143.53 and a 200 day moving average price of $140.59.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $19.87 billion. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 5.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were given a dividend of $0.8698 per share. The ex-dividend date of this dividend was Thursday, October 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s payout ratio is 63.62%.

Several equities analysts have recently issued reports on PG shares. Bank of America started coverage on Procter & Gamble in a research report on Tuesday, October 5th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, October 20th. Morgan Stanley lifted their target price on Procter & Gamble from $160.00 to $161.00 and gave the stock an “overweight” rating in a report on Tuesday, September 7th. Erste Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, August 20th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Tuesday, October 5th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.41.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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