First Financial Bank Trust Division Sells 6,300 Shares of Procter & Gamble Company (The) $PG

First Financial Bank Trust Division lowered its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,928 shares of the company’s stock after selling 6,300 shares during the period. Procter & Gamble makes up 2.7% of First Financial Bank Trust Division’s portfolio, making the stock its 10th biggest position. First Financial Bank Trust Division’s holdings in Procter & Gamble were worth $32,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth about $25,000. Saranac Partners Ltd purchased a new position in Procter & Gamble during the 3rd quarter valued at about $30,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $34,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Rothschild & Co Redburn lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, UBS Group lifted their price objective on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.33.

Read Our Latest Analysis on Procter & Gamble

Insider Activity at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider directly owned 44,735 shares in the company, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,618 shares of company stock worth $55,462,643 in the last 90 days. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $146.71 on Thursday. The firm has a 50 day moving average of $153.95 and a two-hundred day moving average of $150.86. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company has a market capitalization of $340.96 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 5.06 and a beta of 0.37. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter last year, the firm earned $1.88 EPS. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Read More

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.