PNC Financial Services Group Inc. Has $1.37 Billion Stock Holdings in The Procter & Gamble Company (NYSE:PG)

PNC Financial Services Group Inc. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,180,655 shares of the company’s stock after selling 107,745 shares during the quarter. Procter & Gamble comprises about 0.9% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 13th biggest position. PNC Financial Services Group Inc.’s holdings in Procter & Gamble were worth $1,371,487,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Strategic Advisors LLC increased its position in Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after acquiring an additional 1,818 shares during the period. Copley Financial Group Inc. bought a new position in Procter & Gamble during the third quarter worth about $668,000. Fortem Financial Group LLC bought a new position in Procter & Gamble during the fourth quarter worth about $569,000. Richard C. Young & CO. LTD. increased its position in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after acquiring an additional 2,568 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after buying an additional 201,695 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.11.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.8 %

NYSE:PG opened at $176.06 on Friday. The firm’s 50 day simple moving average is $166.85 and its 200 day simple moving average is $169.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a market cap of $412.84 billion, a PE ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the company earned $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

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.