First American Trust FSB Has $6.52 Million Holdings in Procter & Gamble Co (PG)
First American Trust FSB grew its position in shares of Procter & Gamble Co (NYSE:PG) by 44.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,357 shares of the company’s stock after purchasing an additional 23,937 shares during the quarter. Procter & Gamble comprises approximately 1.5% of First American Trust FSB’s investment portfolio, making the stock its 16th largest position. First American Trust FSB’s holdings in Procter & Gamble were worth $6,521,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC increased its stake in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after acquiring an additional 913 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at $149,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after purchasing an additional 1,524 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in Procter & Gamble in the 1st quarter valued at $170,000. Finally, Clarus Wealth Advisors acquired a new stake in Procter & Gamble in the 2nd quarter valued at $172,000. Hedge funds and other institutional investors own 58.64% of the company’s stock.
PG opened at $92.77 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The firm has a market cap of $243.63 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 3.14 and a beta of 0.37. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $96.89.
Several research firms recently issued reports on PG. Wells Fargo & Co lifted their price target on shares of Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $82.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, October 17th. Bank of America raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Thursday, December 13th. SunTrust Banks lifted their price target on shares of Procter & Gamble to $85.00 and gave the company a “hold” rating in a research report on Monday, October 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $87.00 price target on shares of Procter & Gamble in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $90.22.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 228,905 shares of Procter & Gamble stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the transaction, the insider now directly owns 209,033 shares of the company’s stock, valued at approximately $19,205,952.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 1,068 shares of Procter & Gamble stock in a transaction on Friday, November 30th. The stock was sold at an average price of $93.66, for a total transaction of $100,028.88. Following the transaction, the insider now directly owns 26,739 shares in the company, valued at $2,504,374.74. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock worth $46,437,282 over the last ninety days. Insiders own 1.84% of the company’s stock.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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