First National Bank of Hutchinson Has $681,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

First National Bank of Hutchinson raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,065 shares of the company's stock after acquiring an additional 1,964 shares during the period. First National Bank of Hutchinson's holdings in Procter & Gamble were worth $681,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC grew 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 worth $26,000 after acquiring an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble in the third quarter valued at about $33,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Atlantic Private Wealth LLC lifted its position in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after buying an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $39,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $181.47.

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Procter & Gamble Trading Down 0.6 %

NYSE PG traded down $0.95 on Friday, hitting $166.60. The company's stock had a trading volume of 16,010,070 shares, compared to its average volume of 6,480,086. The firm has a market cap of $390.66 billion, a P/E ratio of 26.53, a PEG ratio of 3.76 and a beta of 0.41. The company's 50-day simple moving average is $167.97 and its 200 day simple moving average is $169.69. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the company earned $1.84 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble's payout ratio is 64.01%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction 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 sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in 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.