BTC Capital Management Inc. Has $13.48 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

BTC Capital Management Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,089 shares of the company's stock after buying an additional 3,207 shares during the period. Procter & Gamble comprises approximately 1.2% of BTC Capital Management Inc.'s investment portfolio, making the stock its 23rd biggest position. BTC Capital Management Inc.'s holdings in Procter & Gamble were worth $13,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Rothschild Investment LLC raised its position in shares of Procter & Gamble by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 25,919 shares of the company's stock worth $4,417,000 after acquiring an additional 136 shares in the last quarter. S.E.E.D. Planning Group LLC increased its stake in shares of Procter & Gamble by 65.7% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 2,163 shares of the company's stock valued at $369,000 after purchasing an additional 858 shares in the last quarter. Global Financial Private Client LLC increased its stake in shares of Procter & Gamble by 1.8% in the 1st quarter. Global Financial Private Client LLC now owns 13,814 shares of the company's stock valued at $2,354,000 after purchasing an additional 241 shares in the last quarter. Welch Group LLC lifted its stake in Procter & Gamble by 2.1% in the 1st quarter. Welch Group LLC now owns 333,073 shares of the company's stock valued at $55,966,000 after buying an additional 6,925 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Procter & Gamble by 0.3% in the 1st quarter. Parallel Advisors LLC now owns 64,456 shares of the company's stock worth $10,983,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. 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. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Finally, UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.52.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 1.3%

Shares of Procter & Gamble stock traded down $2.24 during trading on Monday, reaching $167.65. The company had a trading volume of 7,573,563 shares, compared to its average volume of 7,309,644. The firm's fifty day moving average is $164.35 and its 200-day moving average is $167.40. The company has a market cap of $393.06 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth 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. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

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, topping analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for 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%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble's payout ratio is currently 66.98%.

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 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.