OLD National Bancorp IN Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

OLD National Bancorp IN lessened its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,610 shares of the company's stock after selling 16,967 shares during the period. OLD National Bancorp IN's holdings in Procter & Gamble were worth $13,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $29,000. Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $33,000. Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company's stock valued at $44,000 after purchasing an additional 261 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.5 %

NYSE PG traded up $0.85 during trading hours on Friday, reaching $158.14. 12,034,186 shares of the company's stock traded hands, compared to its average volume of 6,329,782. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The firm has a market cap of $372.11 billion, a PE ratio of 25.84, a PEG ratio of 3.23 and a beta of 0.44. The firm has a 50-day simple moving average of $159.14 and a 200 day simple moving average of $153.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $20.20 billion during the quarter, compared to analysts' expectations of $20.43 billion. During the same period last year, the company posted $1.37 EPS. Procter & Gamble's revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.53 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 65.85%.

Analyst Ratings Changes

Several brokerages have weighed in on PG. StockNews.com cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a "hold" rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a "neutral" rating and a $168.00 price target for the company. Finally, Royal Bank of Canada increased their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the firm's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company's stock, valued at $25,097,637.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.