First American Trust FSB Acquires 1,795 Shares of Procter & Gamble Co (PG)
First American Trust FSB grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,174 shares of the company’s stock after purchasing an additional 1,795 shares during the quarter. Procter & Gamble makes up about 1.9% of First American Trust FSB’s portfolio, making the stock its 15th biggest holding. First American Trust FSB’s holdings in Procter & Gamble were worth $7,550,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in PG. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at about $125,000. Blume Capital Management Inc. boosted its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at about $173,000. 61.05% of the stock is currently owned by institutional investors.
Shares of Procter & Gamble Co (NYSE PG) opened at $79.72 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market cap of $200,970.00, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. Procter & Gamble Co has a one year low of $77.90 and a one year high of $94.67.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.46%. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.23%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The disclosure for this sale can be found here. Insiders have sold 114,011 shares of company stock worth $9,710,976 over the last quarter. Insiders own 0.35% of the company’s stock.
A number of research firms have commented on PG. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Monday, January 8th. Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a research report on Tuesday, January 16th. Morgan Stanley upped their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Deutsche Bank began coverage on shares of Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Buy” and an average price target of $87.37.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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