Commerce Bank Has $247.48 Million Stake in The Procter & Gamble Company (NYSE:PG)

Commerce Bank trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,428,874 shares of the company’s stock after selling 13,249 shares during the quarter. Procter & Gamble makes up about 1.5% of Commerce Bank’s investment portfolio, making the stock its 9th largest holding. Commerce Bank owned about 0.06% of Procter & Gamble worth $247,481,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PG. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the second quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $29,000. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $34,000. Quest Partners LLC acquired a new position in Procter & Gamble in the second quarter worth approximately $36,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Procter & Gamble during the second quarter worth $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 270,727 shares of company stock worth $46,014,037. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Stock Up 0.0 %

Shares of PG stock opened at $170.77 on Wednesday. The stock’s 50 day simple moving average is $170.07 and its 200 day simple moving average is $168.49. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $402.17 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 earnings per share. As a group, research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.