OLD Second National Bank of Aurora Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

OLD Second National Bank of Aurora cut its position in The Procter & Gamble Company (NYSE:PG) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,534 shares of the company’s stock after selling 304 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Procter & Gamble were worth $3,778,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its stake in shares of Procter & Gamble by 4.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,567 shares of the company’s stock valued at $1,137,000 after purchasing an additional 284 shares during the last quarter. AMF Tjanstepension AB grew its position in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after buying an additional 1,466,115 shares during the last quarter. Czech National Bank increased its stake in Procter & Gamble by 6.6% in the 3rd quarter. Czech National Bank now owns 479,545 shares of the company’s stock valued at $83,057,000 after buying an additional 29,799 shares during the period. Trinity Financial Advisors LLC lifted its stake in shares of Procter & Gamble by 18.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 3,817 shares of the company’s stock worth $661,000 after acquiring an additional 595 shares during the period. Finally, Wiser Wealth Management Inc boosted its holdings in shares of Procter & Gamble by 25.2% in the third quarter. Wiser Wealth Management Inc now owns 3,047 shares of the company’s stock valued at $528,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,097 shares of company stock valued at $25,635,076. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group reduced their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley upped their target price 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 analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Stock Down 0.9 %

Shares of NYSE PG opened at $165.98 on Friday. The firm’s 50 day moving average price is $168.54 and its 200 day moving average price is $169.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market cap of $389.20 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 64.17%.

Procter & Gamble Company 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.