TNB Financial raised its holdings in Procter & Gamble Co (NYSE:PG) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,374 shares of the company’s stock after acquiring an additional 6,038 shares during the period. Procter & Gamble comprises about 1.9% of TNB Financial’s investment portfolio, making the stock its 21st largest holding. TNB Financial’s holdings in Procter & Gamble were worth $10,802,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Hutner Capital Management Inc. grew its holdings in Procter & Gamble by 0.9% in the second quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock worth $5,942,000 after purchasing an additional 645 shares during the period. Weatherstone Capital Management boosted its stake in shares of Procter & Gamble by 13.2% during the 4th quarter. Weatherstone Capital Management now owns 5,582 shares of the company’s stock worth $513,000 after purchasing an additional 651 shares during the period. Wilkins Investment Counsel Inc. boosted its stake in shares of Procter & Gamble by 0.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 117,454 shares of the company’s stock worth $9,312,000 after purchasing an additional 735 shares during the period. Levin Capital Strategies L.P. boosted its stake in shares of Procter & Gamble by 8.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 9,760 shares of the company’s stock worth $774,000 after purchasing an additional 735 shares during the period. Finally, Fulcrum Capital LLC boosted its stake in shares of Procter & Gamble by 2.3% during the 1st quarter. Fulcrum Capital LLC now owns 33,919 shares of the company’s stock worth $2,689,000 after purchasing an additional 749 shares during the period. 58.79% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on PG shares. Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating in a report on Monday, June 25th. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Procter & Gamble in a report on Tuesday, July 31st. Citigroup decreased their price objective on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a report on Friday, July 20th. Finally, SunTrust Banks lifted their price objective on shares of Procter & Gamble to $80.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $85.09.
In related news, Vice Chairman Jon R. Moeller sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $77.41, for a total transaction of $410,273.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ciserani Giovanni sold 12,034 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total transaction of $931,551.94. Following the transaction, the insider now owns 63,062 shares of the company’s stock, valued at approximately $4,881,629.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,178 shares of company stock valued at $12,562,219. 1.84% of the stock is currently owned by company insiders.
NYSE:PG opened at $82.65 on Friday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. The stock has a market capitalization of $209.97 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.52 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Friday, July 20th were paid a dividend of $0.7172 per share. The ex-dividend date was Thursday, July 19th. This represents a $2.87 annualized dividend and a dividend yield of 3.47%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
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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