Park National Corp OH lessened its holdings in The Procter & Gamble Company (NYSE: PG – Get Rating) by 2.5% during the first quarter, HoldingsChannel.com reports. The fund owned 266,741 shares of the company stock after selling 6,767 shares during the quarter. Procter & Gamble makes up about 1.7% of Park National Corp OH’s portfolio, making its stock its 11th biggest holding. Park National Corp OH’s holdings in Procter & Gamble were worth $ 40,758,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of PG. OLD Mission Capital LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at $ 349,000. Morgan Stanley raised its stake in shares of Procter & Gamble by 5.0% in the 2nd quarter. Morgan Stanley now owns 34,500,719 shares of the company stock valued at $ 4,655,181,000 after acquiring an additional 1,632,893 shares during the period. Keudell Morrison Wealth Management increased its stake in Procter & Gamble by 2.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 9,450 shares of the company stock worth $ 1,321,000 after buying an additional 219 shares during the period. Center for Financial Planning Inc. increased its stake in Procter & Gamble by 4.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 20,270 shares of the company stock worth $ 2,834,000 after buying an additional 816 shares during the period. Finally, EagleClaw Capital Managment LLC increased its stake in Procter & Gamble by 17.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 6,775 shares of the company stock worth $ 946,000 after buying an additional 985 shares during the period. 63.64% of the stock is currently owned by institutional investors and hedge funds.
NYSE PG opened at $ 132.36 on Friday. The Procter & Gamble Company has a one year low of $ 129.50 and a one year high of $ 165.35. The company has a 50-day simple moving average of $ 151.09 and a 200-day simple moving average of $ 154.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market capitalization of $ 317.57 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40.
Procter & Gamble (NYSE: PG – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, beating the consensus estimate of $ 1.28 by $ 0.05. The business had revenue of $ 19.38 billion during the quarter, compared to analyst estimates of $ 18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $ 1.26 EPS. Equities analysts forecast that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were paid a dividend of $ 0.9133 per share. This represents a $ 3.65 dividend on an annualized basis and a yield of 2.76%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s payout ratio is presently 63.70%.
In other news, Chairman David S. Taylor sold 60,000 shares of the company stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $ 164.52, for a total value of $ 9,871,200.00. Following the completion of the sale, the chairman now directly owns 253,933 shares of the company stock, valued at approximately $ 41,777,057.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew W. Janzaruk sold 334 shares of the company stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $ 162.43, for a total transaction of $ 54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares of the company stock, valued at $ 198,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock valued at $ 17,777,055 over the last three months. 0.51% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Procter & Gamble from $ 179.00 to $ 173.00 in a research note on Tuesday, March 29th. Raymond James lifted their price target on shares of Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the stock from $ 165.00 to $ 175.00 in a research note on Tuesday, March 22nd. JPMorgan Chase & Co. downgraded shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $ 181.00 to $ 165.00 in a research report on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $ 177.00 to $ 171.00 in a research report on Wednesday, June 1st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $ 164.27.
Procter & Gamble Company Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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