Field & Main Bank Sells 285 Shares of The Procter & Gamble Company (NYSE:PG)

Field & Main Bank decreased its position in The Procter & Gamble Company (NYSE:PG) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,661 shares of the company’s stock after selling 285 shares during the quarter. Procter & Gamble makes up approximately 1.2% of Field & Main Bank’s portfolio, making the stock its 25th largest position. Field & Main Bank’s holdings in Procter & Gamble were worth $1,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Management Group Inc. boosted its holdings in shares of Procter & Gamble by 0.6% in the 2nd quarter. Asset Management Group Inc. now owns 12,508 shares of the company’s stock worth $1,688,000 after buying an additional 72 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Procter & Gamble by 1.0% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,333 shares of the company’s stock worth $1,025,000 after buying an additional 72 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Procter & Gamble by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 15,053 shares of the company’s stock worth $2,031,000 after buying an additional 73 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Procter & Gamble by 0.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 21,532 shares of the company’s stock worth $2,905,000 after buying an additional 74 shares during the last quarter. Finally, Certified Advisory Corp boosted its holdings in shares of Procter & Gamble by 1.1% in the 2nd quarter. Certified Advisory Corp now owns 7,083 shares of the company’s stock worth $955,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 62.94% of the company’s stock.

PG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, October 20th. Truist Securities upped their price objective on shares of Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a report on Monday, August 2nd. Morgan Stanley upped their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Tuesday, September 7th. Evercore ISI reaffirmed a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Sunday, September 12th. Finally, Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.41.

In other news, CEO Ma. Fatima Francisco sold 1,200 shares of the stock in a transaction that occurred on Tuesday, October 26th. The stock was sold at an average price of $143.00, for a total transaction of $171,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nelson Peltz sold 207,000 shares of the stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $142.43, for a total value of $29,483,010.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 358,249 shares of company stock worth $51,740,197. 0.51% of the stock is owned by company insiders.

Shares of PG stock traded down $0.78 during trading on Thursday, hitting $148.66. The company had a trading volume of 5,665,157 shares, compared to its average volume of 7,660,160. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $143.53 and its two-hundred day moving average is $140.59. The stock has a market capitalization of $359.75 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43. The Procter & Gamble Company has a 52 week low of $121.54 and a 52 week high of $149.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The company had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $19.87 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. Procter & Gamble’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. On average, research analysts predict that The Procter & Gamble Company will post 5.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were given a $0.8698 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Thursday, October 21st. Procter & Gamble’s dividend payout ratio (DPR) is 63.62%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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