The Procter & Gamble Company (NYSE:PG) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,316 shares of the company's stock after acquiring an additional 4,779 shares during the quarter. Procter & Gamble makes up about 1.2% of Colonial Trust Co SC's holdings, making the stock its 19th largest position. Colonial Trust Co SC's holdings in Procter & Gamble were worth $7,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after purchasing an additional 608,168 shares during the last quarter. Diversified Trust Co grew its position in shares of Procter & Gamble by 9.0% in the fourth quarter. Diversified Trust Co now owns 141,725 shares of the company's stock valued at $23,760,000 after purchasing an additional 11,677 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after purchasing an additional 139 shares during the period. Spartan Planning & Wealth Management purchased a new stake in Procter & Gamble during the 4th quarter worth about $958,000. Finally, Birch Capital Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $92,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup decreased their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. DA Davidson reissued a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research report on Thursday, May 1st. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

Procter & Gamble Price Performance

NYSE PG traded down $0.92 on Friday, hitting $157.73. The company had a trading volume of 6,450,866 shares, compared to its average volume of 7,192,382. The company's fifty day moving average price is $165.92 and its 200-day moving average price is $167.57. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a market capitalization of $369.80 billion, a PE ratio of 25.12, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble's payout ratio is currently 66.98%.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and 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.