Procter & Gamble Co (PG) Shares Sold by First National Bank of Omaha

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First National Bank of Omaha cut its holdings in Procter & Gamble Co (NYSE:PG) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,899 shares of the company’s stock after selling 11,236 shares during the quarter. First National Bank of Omaha’s holdings in Procter & Gamble were worth $7,365,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PG. Truepoint Inc. boosted its stake in Procter & Gamble by 8,711.3% in the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after buying an additional 26,584,514 shares in the last quarter. American International Group Inc. raised its position in Procter & Gamble by 448.0% in the fourth quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock valued at $603,404,000 after purchasing an additional 5,368,843 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Procter & Gamble by 575.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,205,842 shares of the company’s stock valued at $294,553,000 after purchasing an additional 2,731,361 shares during the last quarter. HS Management Partners LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $142,467,000. Finally, Schwab Charles Investment Management Inc. raised its position in Procter & Gamble by 9.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after purchasing an additional 1,064,665 shares during the last quarter. 59.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Steven D. Bishop sold 2,075 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total transaction of $149,130.25. Following the completion of the transaction, the insider now directly owns 42,524 shares in the company, valued at $3,056,199.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $74.25, for a total value of $113,528.25. Following the transaction, the insider now owns 5,235 shares of the company’s stock, valued at $388,698.75. The disclosure for this sale can be found here. Insiders have sold 20,938 shares of company stock valued at $1,604,483 over the last 90 days. 0.35% of the stock is owned by corporate insiders.

Shares of Procter & Gamble opened at $78.06 on Friday, according to Marketbeat Ratings. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.42. The stock has a market cap of $195.86 billion, a PE ratio of 19.91, a P/E/G ratio of 2.57 and a beta of 0.58.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The company had revenue of $16.28 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. research analysts anticipate that Procter & Gamble Co will post 4.19 EPS for the current fiscal year.

Several equities analysts have commented on PG shares. Barclays set a $84.00 target price on Procter & Gamble and gave the company a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, March 27th. Morgan Stanley dropped their target price on Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, April 5th. Bank of America dropped their target price on Procter & Gamble from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 12th. Finally, Stifel Nicolaus dropped their target price on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating for the company in a research report on Wednesday, April 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $87.90.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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