STAR Financial Bank Has $1.24 Million Position in The Procter & Gamble Company (NYSE:PG)

STAR Financial Bank reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,180 shares of the company’s stock after selling 1,680 shares during the period. STAR Financial Bank’s holdings in Procter & Gamble were worth $1,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PG. China Universal Asset Management Co. Ltd. increased its position in shares of Procter & Gamble by 5.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after buying an additional 1,657 shares during the period. Quent Capital LLC lifted its holdings in shares of Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after acquiring an additional 206 shares during the last quarter. Capital International Inc. CA lifted its holdings in shares of Procter & Gamble by 19.9% in the 1st quarter. Capital International Inc. CA now owns 41,679 shares of the company’s stock worth $6,762,000 after acquiring an additional 6,908 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Procter & Gamble by 6.6% in the first quarter. Westwood Holdings Group Inc. now owns 7,158 shares of the company’s stock worth $1,161,000 after buying an additional 446 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Procter & Gamble by 15.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,489,899 shares of the company’s stock valued at $890,736,000 after purchasing an additional 742,460 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG stock opened at $170.92 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $170.01 and its 200-day simple moving average is $168.51. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a market cap of $402.52 billion, a PE ratio of 29.47, a PEG ratio of 3.69 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PG. DA Davidson reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Procter & Gamble in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.00.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,727 shares of company stock worth $29,694,037 in the last 90 days. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.