Missouri Trust & Investment Co Increases Holdings in The Procter & Gamble Company (NYSE:PG)

Missouri Trust & Investment Co boosted its stake in The Procter & Gamble Company (NYSE:PG) by 12.0% in the third quarter, Holdings Channel.com reports. The fund owned 12,894 shares of the company’s stock after buying an additional 1,379 shares during the quarter. Procter & Gamble comprises about 0.8% of Missouri Trust & Investment Co’s portfolio, making the stock its 25th largest holding. Missouri Trust & Investment Co’s holdings in Procter & Gamble were worth $2,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its position in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after buying an additional 1,657 shares during the last quarter. Quent Capital LLC boosted its holdings in Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after buying an additional 206 shares in the last quarter. Empowered Funds LLC increased its holdings in Procter & Gamble by 59.0% in the first quarter. Empowered Funds LLC now owns 101,085 shares of the company’s stock valued at $16,401,000 after buying an additional 37,491 shares in the last quarter. Heritage Wealth Advisors grew its holdings in shares of Procter & Gamble by 1,681.4% in the 1st quarter. Heritage Wealth Advisors now owns 195,575 shares of the company’s stock worth $31,732,000 after acquiring an additional 184,596 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in Procter & Gamble by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 81,354 shares of the company’s stock worth $13,200,000 after purchasing an additional 2,133 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $50,897,483.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a report on Monday, September 30th. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.25 during mid-day trading on Tuesday, hitting $166.28. The company’s stock had a trading volume of 1,240,819 shares, compared to its average volume of 6,640,181. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The stock’s fifty day moving average price is $170.97 and its two-hundred day moving average price is $168.26. The stock has a market capitalization of $391.60 billion, a P/E ratio of 28.63, a P/E/G ratio of 3.63 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio is 69.31%.

Procter & Gamble Profile

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.