The Procter & Gamble Company (NYSE:PG) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 6.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,136 shares of the company's stock after purchasing an additional 3,634 shares during the period. OLD National Bancorp IN's holdings in Procter & Gamble were worth $9,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SOA Wealth Advisors LLC. grew its position in shares of Procter & Gamble by 305.3% during the first quarter. SOA Wealth Advisors LLC. now owns 15,815 shares of the company's stock worth $2,695,000 after acquiring an additional 11,913 shares during the last quarter. Kennebec Savings Bank grew its position in shares of Procter & Gamble by 9.4% during the first quarter. Kennebec Savings Bank now owns 8,804 shares of the company's stock worth $1,500,000 after acquiring an additional 757 shares during the last quarter. Wynn Capital LLC grew its position in Procter & Gamble by 6.5% in the 1st quarter. Wynn Capital LLC now owns 6,434 shares of the company's stock valued at $1,096,000 after buying an additional 390 shares in the last quarter. Griffith & Werner Inc. grew its position in Procter & Gamble by 6.2% in the 1st quarter. Griffith & Werner Inc. now owns 22,352 shares of the company's stock valued at $3,809,000 after buying an additional 1,313 shares in the last quarter. Finally, KMG Fiduciary Partners LLC grew its position in Procter & Gamble by 1.0% in the 1st quarter. KMG Fiduciary Partners LLC now owns 79,758 shares of the company's stock valued at $13,592,000 after buying an additional 806 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred 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 directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Royal Bank of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Eight equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Price Performance

PG stock opened at $164.01 on Friday. 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 Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The firm has a market capitalization of $384.53 billion, a PE ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The firm has a 50-day moving average of $164.01 and a two-hundred day moving average of $167.25.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is 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.

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