First Midwest Bank Trust Division Sells 7,580 Shares of Procter & Gamble Co (PG)

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First Midwest Bank Trust Division lessened its holdings in shares of Procter & Gamble Co (NYSE:PG) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,829 shares of the company’s stock after selling 7,580 shares during the period. First Midwest Bank Trust Division’s holdings in Procter & Gamble were worth $4,827,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PG. Migdal Insurance & Financial Holdings Ltd. raised its stake in Procter & Gamble by 117.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,863 shares of the company’s stock worth $842,000 after buying an additional 5,873 shares during the last quarter. BTR Capital Management Inc. raised its stake in Procter & Gamble by 11.5% during the second quarter. BTR Capital Management Inc. now owns 107,929 shares of the company’s stock worth $8,425,000 after buying an additional 11,139 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in Procter & Gamble by 17.9% during the second quarter. Exencial Wealth Advisors LLC now owns 18,693 shares of the company’s stock worth $1,459,000 after buying an additional 2,840 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Procter & Gamble by 4.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,525,076 shares of the company’s stock worth $665,467,000 after buying an additional 370,553 shares during the last quarter. Finally, American Asset Management Inc. raised its stake in Procter & Gamble by 16.6% during the second quarter. American Asset Management Inc. now owns 4,673 shares of the company’s stock worth $365,000 after buying an additional 666 shares during the last quarter. Institutional investors own 58.46% of the company’s stock.

PG opened at $87.30 on Monday. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $93.14. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $220.08 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.91 and a beta of 0.59.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Procter & Gamble Co will post 4.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s payout ratio is presently 68.01%.

A number of brokerages recently weighed in on PG. UBS Group set a $82.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, October 17th. SunTrust Banks lifted their target price on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 target price for the company. in a research note on Tuesday, July 31st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $88.00 target price on shares of Procter & Gamble in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price on shares of Procter & Gamble in a research note on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $85.46.

In other news, insider Kathleen B. Fish sold 10,342 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the completion of the sale, the insider now directly owns 16,382 shares of the company’s stock, valued at $1,362,982.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Juan Fernando Posada sold 9,600 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $81.79, for a total transaction of $785,184.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,186 shares of company stock valued at $12,080,849. 1.84% of the stock is currently owned by insiders.

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

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