UMB Bank n.a. Buys 19,905 Shares of The Procter & Gamble Company (NYSE:PG)

UMB Bank n.a. raised its stake in The Procter & Gamble Company (NYSE:PG) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 293,373 shares of the company’s stock after buying an additional 19,905 shares during the quarter. UMB Bank n.a.’s holdings in Procter & Gamble were worth $50,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC boosted its position in shares of Procter & Gamble by 299.7% during the fourth quarter. Nebula Research & Development LLC now owns 6,364 shares of the company’s stock worth $933,000 after purchasing an additional 4,772 shares in the last quarter. First Financial Bankshares Inc acquired a new position in Procter & Gamble in the fourth quarter valued at about $647,000. Point72 Europe London LLP bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $699,000. LM Advisors LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $479,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 8.7% during the 4th quarter. Kestra Advisory Services LLC now owns 328,079 shares of the company’s stock valued at $48,077,000 after purchasing an additional 26,378 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded down $0.61 during mid-day trading on Thursday, reaching $168.66. The company’s stock had a trading volume of 932,476 shares, compared to its average volume of 6,654,601. 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 stock has a market cap of $398.06 billion, a P/E ratio of 27.54, a PEG ratio of 3.73 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.66 and a 1-year high of $177.94. The business has a 50-day simple moving average of $171.39 and a two-hundred day simple moving average of $166.65.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble 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 sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of the 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 $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 over the last three months. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Evercore ISI upped their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. TD Cowen initiated coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. DA Davidson began coverage on Procter & Gamble in a research report on Wednesday. They set a “neutral” rating and a $159.00 price objective for the company. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.05.

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.