Pioneer Trust Bank N A OR Has $7.20 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Pioneer Trust Bank N A OR increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,153 shares of the company’s stock after buying an additional 2,410 shares during the period. Procter & Gamble accounts for approximately 2.1% of Pioneer Trust Bank N A OR’s holdings, making the stock its 17th biggest holding. Pioneer Trust Bank N A OR’s holdings in Procter & Gamble were worth $7,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Wyrmwood Management LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Criterion Capital Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $33,000. MeadowBrook Investment Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $33,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Procter & Gamble during the 4th quarter worth about $35,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

NYSE PG traded up $0.97 during trading on Thursday, hitting $166.04. 4,359,619 shares of the company’s stock were exchanged, compared to its average volume of 6,826,437. The stock’s 50 day moving average price is $160.23 and its two-hundred day moving average price is $154.49. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $166.37. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $391.88 billion, a PE ratio of 27.13, a P/E/G ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. Research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PG. Wells Fargo & Company upped their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Raymond James upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.76.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the transaction, the chief executive officer now directly owns 36,854 shares in the company, valued at $6,080,172.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the transaction, the chief executive officer now owns 36,854 shares of the company’s stock, valued at $6,080,172.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,112 shares of company stock worth $22,841,321. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.