First American Trust FSB Boosts Stake in The Procter & Gamble Company (NYSE:PG)

First American Trust FSB lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 66.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,940 shares of the company’s stock after buying an additional 1,971 shares during the period. First American Trust FSB’s holdings in Procter & Gamble were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $29,000. Mendota Financial Group LLC raised its stake in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $50,000. Morton Brown Family Wealth LLC raised its stake in shares of Procter & Gamble by 206.6% in the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Procter & Gamble by 49.7% in the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock valued at $67,000 after acquiring an additional 151 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Barclays lifted their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Finally, Raymond James lifted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.53.

Procter & Gamble Stock Up 0.1 %

Shares of Procter & Gamble stock traded up $0.12 during trading hours on Monday, hitting $155.45. The company had a trading volume of 5,753,652 shares, compared to its average volume of 6,864,547. The company’s 50-day moving average is $159.32 and its two-hundred day moving average is $152.63. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The company has a market cap of $365.78 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.59%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Insider Activity

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.