American National Bank & Trust Sells 3,070 Shares of The Procter & Gamble Company (NYSE:PG)

American National Bank & Trust reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,065 shares of the company's stock after selling 3,070 shares during the quarter. Procter & Gamble accounts for approximately 1.2% of American National Bank & Trust's holdings, making the stock its 29th largest holding. American National Bank & Trust's holdings in Procter & Gamble were worth $10,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $50,049,000. Busey Bank lifted its holdings in shares of Procter & Gamble by 0.7% in the 4th quarter. Busey Bank now owns 185,984 shares of the company's stock worth $31,180,000 after purchasing an additional 1,265 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in Procter & Gamble by 0.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 33,147 shares of the company's stock valued at $5,557,000 after purchasing an additional 242 shares during the period. Finally, Crews Bank & Trust acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $1,879,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PG shares. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Royal Bank of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Stock Down 0.5%

Shares of NYSE PG traded down $0.82 during mid-day trading on Wednesday, reaching $166.03. The company had a trading volume of 4,935,261 shares, compared to its average volume of 7,301,869. The stock has a fifty day moving average of $164.33 and a two-hundred day moving average of $167.38. 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 $389.26 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 66.98%.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble 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.