Park National Corp OH Has $42.22 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Park National Corp OH trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,737 shares of the company's stock after selling 12,662 shares during the period. Procter & Gamble makes up approximately 1.6% of Park National Corp OH's portfolio, making the stock its 13th biggest holding. Park National Corp OH's holdings in Procter & Gamble were worth $42,219,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PG. Waller Financial Planning Group Inc. lifted its stake in shares of Procter & Gamble by 0.6% in the 1st quarter. Waller Financial Planning Group Inc. now owns 11,687 shares of the company's stock valued at $1,992,000 after acquiring an additional 73 shares during the last quarter. Marotta Asset Management grew its holdings in shares of Procter & Gamble by 13.1% in the first quarter. Marotta Asset Management now owns 1,680 shares of the company's stock worth $291,000 after purchasing an additional 194 shares during the last quarter. Rempart Asset Management Inc. grew its holdings in shares of Procter & Gamble by 4.8% in the first quarter. Rempart Asset Management Inc. now owns 2,188 shares of the company's stock worth $373,000 after purchasing an additional 100 shares during the last quarter. Centre Asset Management LLC bought a new position in shares of Procter & Gamble in the first quarter worth approximately $3,161,000. Finally, Trust Co of the South grew its holdings in shares of Procter & Gamble by 4.4% in the first quarter. Trust Co of the South now owns 7,576 shares of the company's stock worth $1,291,000 after purchasing an additional 320 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $3.40 during trading hours on Monday, hitting $166.49. 2,705,856 shares of the company were exchanged, compared to its average volume of 7,290,988. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $164.35 and a 200-day moving average of $167.40. The stock has a market capitalization of $390.35 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal 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 issued a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.54%. Procter & Gamble's dividend payout ratio is 66.98%.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was 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 directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Finally, Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $178.52.

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.