UMB Bank n.a. lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,890 shares of the company’s stock after selling 3,399 shares during the quarter. Procter & Gamble makes up about 0.9% of UMB Bank n.a.’s holdings, making the stock its 28th largest holding. UMB Bank n.a.’s holdings in Procter & Gamble were worth $54,242,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in shares of Procter & Gamble during the third quarter valued at approximately $30,000. Belmont Capital LLC raised its holdings in shares of Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after acquiring an additional 110 shares during the last quarter. Align Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $50,000. Horizons Wealth Management purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $52,000. Finally, Newfound Research LLC grew its position in shares of Procter & Gamble by 79.4% in the third quarter. Newfound Research LLC now owns 601 shares of the company’s stock valued at $76,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.
Insiders Place Their Bets
In other news, insider Susan Street Whaley sold 709 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the sale, the insider now directly owns 10,198 shares in the company, valued at $1,400,593.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock worth $656,511 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.
Procter & Gamble Stock Up 0.0 %
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on PG shares. Jefferies Financial Group upped their price target on Procter & Gamble from $149.00 to $164.00 in a research report on Tuesday, November 22nd. Wolfe Research started coverage on Procter & Gamble in a research report on Monday, November 21st. They issued an “outperform” rating and a $156.00 price target for the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Friday, March 3rd. StockNews.com started coverage on Procter & Gamble in a research report on Thursday. They issued a “hold” rating for the company. Finally, Raymond James upped their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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