Trust Department MB Financial Bank N A boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,537 shares of the company’s stock after buying an additional 16,275 shares during the period. Procter & Gamble makes up about 1.3% of Trust Department MB Financial Bank N A’s holdings, making the stock its 20th biggest position. Trust Department MB Financial Bank N A’s holdings in Procter & Gamble were worth $12,821,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Asset Planning Services Ltd. increased its position in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble in the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble in the 3rd quarter worth about $125,000. Blume Capital Management Inc. increased its position in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new position in Procter & Gamble in the 3rd quarter worth about $173,000. 61.05% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Kathleen B. Fish sold 10,192 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is owned by corporate insiders.
PG has been the topic of a number of analyst reports. Deutsche Bank initiated coverage on Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective on the stock. Wells Fargo reissued a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. Jefferies Group reissued a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Procter & Gamble currently has an average rating of “Buy” and an average target price of $87.18.
Shares of Procter & Gamble Co (NYSE PG) opened at $78.97 on Friday. Procter & Gamble Co has a 52 week low of $77.90 and a 52 week high of $94.67. The firm has a market capitalization of $198,327.38, a P/E ratio of 21.11, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast that Procter & Gamble Co will post 4.21 earnings per share for the current year.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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