Intrust Bank NA Has $2.93 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Intrust Bank NA raised its holdings in The Procter & Gamble Company (NYSE:PG) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 20,024 shares of the company’s stock after acquiring an additional 87 shares during the period. Intrust Bank NA’s holdings in Procter & Gamble were worth $2,934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. L. Roy Papp & Associates LLP increased its position in shares of Procter & Gamble by 0.7% during the third quarter. L. Roy Papp & Associates LLP now owns 66,905 shares of the company’s stock worth $9,759,000 after buying an additional 437 shares during the period. Warren Street Wealth Advisors LLC boosted its stake in Procter & Gamble by 15.0% during the third quarter. Warren Street Wealth Advisors LLC now owns 4,034 shares of the company’s stock worth $588,000 after acquiring an additional 526 shares in the last quarter. Heritage Financial Services LLC boosted its stake in Procter & Gamble by 1.5% during the third quarter. Heritage Financial Services LLC now owns 12,669 shares of the company’s stock worth $1,848,000 after acquiring an additional 185 shares in the last quarter. Financial & Tax Architects LLC boosted its stake in Procter & Gamble by 2.9% during the third quarter. Financial & Tax Architects LLC now owns 35,429 shares of the company’s stock worth $5,168,000 after acquiring an additional 988 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Procter & Gamble by 4.9% during the third quarter. Handelsbanken Fonder AB now owns 858,127 shares of the company’s stock worth $125,166,000 after acquiring an additional 39,808 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Argus raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 90 days, insiders have sold 55,865 shares of company stock worth $9,009,280. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.2 %

Procter & Gamble stock traded up $0.37 during mid-day trading on Monday, reaching $161.66. 4,620,881 shares of the company traded hands, compared to its average volume of 6,909,636. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm’s 50 day moving average price is $159.64 and its 200 day moving average price is $153.65. The firm has a market capitalization of $381.54 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 EPS. On average, analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s payout ratio is presently 65.85%.

About Procter & Gamble

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.