Nicolet Bankshares Inc. Has $2.85 Million Position in The Procter & Gamble Company (NYSE:PG)

Nicolet Bankshares Inc. reduced its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 12.2% in the 3rd quarter, Holdings Channel reports. The fund owned 19,511 shares of the company’s stock after selling 2,710 shares during the quarter. Procter & Gamble accounts for 0.9% of Nicolet Bankshares Inc.’s portfolio, making the stock its 25th biggest position. Nicolet Bankshares Inc.’s holdings in Procter & Gamble were worth $2,846,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP lifted its holdings in Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after buying an additional 158 shares during the period. Wunderlich Capital Managemnt bought a new position in Procter & Gamble in the second quarter worth approximately $40,000. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the second quarter worth approximately $50,000. CGC Financial Services LLC bought a new position in Procter & Gamble in the second quarter worth approximately $55,000. Finally, VitalStone Financial LLC bought a new position in Procter & Gamble in the second quarter worth approximately $60,000. 63.43% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 0.2 %

PG stock traded down $0.36 during trading on Monday, reaching $157.06. 2,706,520 shares of the company traded hands, compared to its average volume of 7,998,556. The business has a 50 day simple moving average of $150.04 and a 200 day simple moving average of $150.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a 12 month low of $136.10 and a 12 month high of $159.83. The company has a market capitalization of $369.57 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 3.21 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Insider Buying and Selling

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 19,661 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares of the company’s stock, valued at $3,750,499.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,658 shares of company stock worth $42,921,732. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the subject of several analyst reports. Raymond James increased their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Truist Financial boosted their target price on Procter & Gamble from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Barclays lifted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus lifted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

View Our Latest Stock Report on Procter & Gamble

Procter & Gamble Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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