Florida Trust Wealth Management Co Has $25.17 Million Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Florida Trust Wealth Management reduced its stake in Procter & Gamble by 4.6%, holding 175,643 shares worth about $25.17 million after selling 8,437 shares in Q4.
• Analyst sentiment is lukewarm-to-positive with 12 Buys and 9 Holds, a MarketBeat average rating of "Moderate Buy" and an average target price of $167.06 versus the recent share price near $143.
• Significant insider selling has occurred recently—CEO Gary Coombe sold 36,093 shares and insiders disposed of 348,618 shares totaling about $55.46 million over the last 90 days, while insiders still own just 0.20% of the stock.

Florida Trust Wealth Management Co decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,643 shares of the company's stock after selling 8,437 shares during the period. Florida Trust Wealth Management Co's holdings in Procter & Gamble were worth $25,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth about $25,000. Saranac Partners Ltd acquired a new position in Procter & Gamble in the third quarter worth approximately $30,000. Corundum Trust Company INC acquired a new position in Procter & Gamble in the third quarter worth approximately $32,000. Caitlin John LLC bought a new position in Procter & Gamble during the third quarter valued at approximately $34,000. Finally, Marquette Asset Management LLC acquired a new stake in Procter & Gamble in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Dbs Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. TD Cowen reduced their price objective on shares of Procter & Gamble from $156.00 to $142.00 and set a "hold" rating for the company in a research note on Wednesday. Rothschild & Co Redburn increased their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Erste Group Bank lowered Procter & Gamble from a "buy" rating to a "hold" rating in a report on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research report on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $167.06.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $143.06 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company has a market cap of $332.46 billion, a P/E ratio of 21.19, a P/E/G ratio of 5.04 and a beta of 0.41. The business's 50 day moving average is $153.57 and its two-hundred day moving average is $149.64. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion during the quarter, compared to analysts' expectations of $22.36 billion. During the same period in the prior year, the business earned $1.88 earnings per share. Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble's dividend payout ratio (DPR) is currently 62.67%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 1,809 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the transaction, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares of the company's stock, valued at $5,680,576.02. This represents a 50.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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