FTB Advisors Inc. Boosts Stake in Procter & Gamble Co (PG)

FTB Advisors Inc. lifted its holdings in Procter & Gamble Co (NYSE:PG) by 14.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 130,596 shares of the company’s stock after purchasing an additional 16,021 shares during the period. Procter & Gamble makes up approximately 0.9% of FTB Advisors Inc.’s holdings, making the stock its 28th largest holding. FTB Advisors Inc.’s holdings in Procter & Gamble were worth $10,194,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Twin Tree Management LP purchased a new position in Procter & Gamble during the first quarter worth about $144,000. Marshall & Sullivan Inc. WA purchased a new position in Procter & Gamble during the second quarter worth about $149,000. Clearwater Capital Advisors LLC purchased a new position in Procter & Gamble during the first quarter worth about $154,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after purchasing an additional 1,524 shares during the period. Finally, Clarus Wealth Advisors purchased a new position in Procter & Gamble during the second quarter worth about $172,000. 58.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PG opened at $92.41 on Friday. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $93.14. The stock has a market cap of $230.70 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 3.00 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

A number of equities analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a research note on Friday. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America lifted their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average price target of $88.38.

In related news, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares in the company, valued at $20,755,710.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 4,181 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total transaction of $349,197.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,302 shares of company stock valued at $13,438,363. Company insiders own 1.84% of the company’s stock.

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Procter & Gamble Company 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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