The Procter & Gamble Company (NYSE:PG) Shares Acquired by Huntington National Bank

Huntington National Bank increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 964,484 shares of the company's stock after buying an additional 32,662 shares during the period. Procter & Gamble comprises about 1.2% of Huntington National Bank's portfolio, making the stock its 21st biggest position. Huntington National Bank's holdings in Procter & Gamble were worth $161,696,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PG. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $34,000. Atlantic Private Wealth LLC raised its holdings in Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.

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Procter & Gamble Stock Performance

NYSE PG traded up $2.67 on Thursday, hitting $172.17. 9,389,328 shares of the company's stock were exchanged, compared to its average volume of 6,919,793. The firm has a market cap of $403.71 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.76 and a beta of 0.41. The firm's 50-day moving average price is $169.07 and its two-hundred day moving average price is $169.27. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current 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 issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were 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 directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on PG shares. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Truist Financial lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, DA Davidson reissued a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

Procter & Gamble 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.