Enterprise Bank & Trust Co Grows Stake in The Procter & Gamble Company (NYSE:PG)

Enterprise Bank & Trust Co boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,965 shares of the company’s stock after purchasing an additional 178 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Procter & Gamble were worth $1,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PG. International Assets Investment Management LLC grew its stake in Procter & Gamble by 19,030.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock worth $639,730,000 after acquiring an additional 3,674,286 shares during the period. Wulff Hansen & CO. grew its position in shares of Procter & Gamble by 16,292.0% in the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock valued at $606,230,000 after purchasing an additional 3,653,477 shares during the period. Geode Capital Management LLC increased its stake in Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares during the last quarter. Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after buying an additional 1,760,214 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at about $301,950,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % 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, insider Balaji Purushothaman sold 12,800 shares of the firm’s 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 owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock valued at $13,317,460 over the last three months. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PG. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. Finally, Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Up 0.4 %

PG traded up $0.56 during trading on Monday, reaching $159.12. 4,038,436 shares of the stock traded hands, compared to its average volume of 6,456,241. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The stock’s 50-day simple moving average is $169.64 and its two-hundred day simple moving average is $169.61. The stock has a market cap of $374.73 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS 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 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 revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

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 and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.