OLD National Bancorp IN Decreases Stake in The Procter & Gamble Company (NYSE:PG)

OLD National Bancorp IN decreased its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,502 shares of the company's stock after selling 5,431 shares during the quarter. OLD National Bancorp IN's holdings in Procter & Gamble were worth $9,137,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division increased its position in shares of Procter & Gamble by 4.5% during the third quarter. Central Pacific Bank Trust Division now owns 6,567 shares of the company's stock worth $1,137,000 after purchasing an additional 284 shares in the last quarter. AMF Tjanstepension AB grew its stake in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after buying an additional 1,466,115 shares during the last quarter. Czech National Bank lifted its stake in Procter & Gamble by 6.6% in the third quarter. Czech National Bank now owns 479,545 shares of the company's stock valued at $83,057,000 after buying an additional 29,799 shares during the last quarter. Trinity Financial Advisors LLC boosted its holdings in shares of Procter & Gamble by 18.5% in the third quarter. Trinity Financial Advisors LLC now owns 3,817 shares of the company's stock valued at $661,000 after acquiring an additional 595 shares during the period. Finally, Wiser Wealth Management Inc grew its position in shares of Procter & Gamble by 25.2% during the third quarter. Wiser Wealth Management Inc now owns 3,047 shares of the company's stock worth $528,000 after acquiring an additional 613 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $165.98 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $389.20 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The business's fifty day moving average price is $168.54 and its two-hundred day moving average price is $169.38. 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 - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the previous year, the company earned $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble's payout ratio is 64.17%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PG. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective 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. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock valued at $25,635,076 over the last quarter. Company insiders own 0.18% of the company's stock.

About Procter & Gamble

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.

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