The Procter & Gamble Company (NYSE:PG) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its position in The Procter & Gamble Company (NYSE:PGFree Report) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,184 shares of the company’s stock after purchasing an additional 3,262 shares during the quarter. Bridges Investment Management Inc.’s holdings in Procter & Gamble were worth $3,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. lifted its position in Procter & Gamble by 2.1% in the fourth quarter. Braun Stacey Associates Inc. now owns 118,894 shares of the company’s stock worth $17,423,000 after purchasing an additional 2,394 shares during the period. Parcion Private Wealth LLC lifted its position in Procter & Gamble by 6.6% in the fourth quarter. Parcion Private Wealth LLC now owns 45,010 shares of the company’s stock worth $6,596,000 after purchasing an additional 2,767 shares during the period. Webster Bank N. A. increased its holdings in shares of Procter & Gamble by 1.3% in the fourth quarter. Webster Bank N. A. now owns 55,157 shares of the company’s stock valued at $8,083,000 after buying an additional 712 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of Procter & Gamble by 2.7% in the fourth quarter. Independence Bank of Kentucky now owns 27,077 shares of the company’s stock valued at $3,968,000 after buying an additional 710 shares in the last quarter. Finally, ForthRight Wealth Management LLC increased its holdings in shares of Procter & Gamble by 0.8% in the fourth quarter. ForthRight Wealth Management LLC now owns 10,750 shares of the company’s stock valued at $1,575,000 after buying an additional 90 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.3 %

Procter & Gamble stock opened at $156.60 on Thursday. The company’s fifty day simple moving average is $159.46 and its 200-day simple moving average is $152.40. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The stock has a market cap of $368.48 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Analysts Set New Price Targets

Several research firms have issued reports on PG. Stifel Nicolaus upped their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.35.

Check Out Our Latest Report on PG

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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

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

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