The Procter & Gamble Company (NYSE:PG) is OLD Point Trust & Financial Services N A’s 5th Largest Position

OLD Point Trust & Financial Services N A reduced its position in The Procter & Gamble Company (NYSE:PG) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,105 shares of the company’s stock after selling 3,221 shares during the period. Procter & Gamble accounts for approximately 3.2% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 5th largest holding. OLD Point Trust & Financial Services N A’s holdings in Procter & Gamble were worth $9,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PG. Raymond James Financial Inc. purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $1,010,685,000. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock worth $580,596,000 after purchasing an additional 2,973,757 shares during the period. Franklin Resources Inc. raised its stake in Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after acquiring an additional 1,760,214 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Procter & Gamble by 25,115.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,736,857 shares of the company’s stock valued at $291,184,000 after buying an additional 1,729,969 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated 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 directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. 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 research report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays boosted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Piper Sandler lowered their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $181.47.

Procter & Gamble Trading Up 0.6 %

NYSE:PG opened at $168.66 on Thursday. The firm has a 50-day simple moving average of $167.71 and a 200-day simple moving average of $169.77. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $395.47 billion, a P/E ratio of 26.86, a P/E/G 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.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Procter & Gamble Company Profile

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.