First PREMIER Bank Reduces Position in The Procter & Gamble Company (NYSE:PG)

First PREMIER Bank trimmed its position in The Procter & Gamble Company (NYSE:PG) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,111 shares of the company’s stock after selling 504 shares during the period. Procter & Gamble makes up about 2.1% of First PREMIER Bank’s portfolio, making the stock its 8th largest holding. First PREMIER Bank’s holdings in Procter & Gamble were worth $8,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth approximately $17,696,000. Bayesian Capital Management LP boosted its stake in shares of Procter & Gamble by 43.0% during the 4th quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock worth $7,743,000 after acquiring an additional 15,900 shares in the last quarter. Steele Capital Management Inc. acquired a new position in shares of Procter & Gamble in the 1st quarter worth $204,000. United Advisor Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $3,463,000. Finally, GAMMA Investing LLC boosted its position in shares of Procter & Gamble by 67.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,803 shares of the company’s stock valued at $4,420,000 after purchasing an additional 10,777 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PG. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $175.89.

Insider Activity

In other news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at $6,325,360. 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, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.5 %

Procter & Gamble stock opened at $169.07 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1-year low of $141.66 and a 1-year high of $177.94. The firm’s fifty day simple moving average is $171.22 and its 200-day simple moving average is $166.63. The company has a market capitalization of $399.03 billion, a P/E ratio of 27.48, a P/E/G ratio of 3.73 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.