Glenview Trust co Grows Stake in The Procter & Gamble Company (NYSE:PG)

Glenview Trust co increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 301,750 shares of the company’s stock after acquiring an additional 2,651 shares during the quarter. Procter & Gamble comprises approximately 0.9% of Glenview Trust co’s investment portfolio, making the stock its 24th largest holding. Glenview Trust co’s holdings in Procter & Gamble were worth $50,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Patten & Patten Inc. TN increased its position in shares of Procter & Gamble by 1.2% during the fourth quarter. Patten & Patten Inc. TN now owns 27,987 shares of the company’s stock worth $4,692,000 after purchasing an additional 345 shares in the last quarter. Sovereign Investment Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth approximately $723,000. Harbour Investments Inc. lifted its stake in Procter & Gamble by 1.3% in the fourth quarter. Harbour Investments Inc. now owns 215,288 shares of the company’s stock valued at $36,093,000 after buying an additional 2,820 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 4.8% in the fourth quarter. Gitterman Wealth Management LLC now owns 2,991 shares of the company’s stock valued at $501,000 after acquiring an additional 138 shares during the period. Finally, Greenwich Wealth Management LLC grew its position in shares of Procter & Gamble by 4.2% during the fourth quarter. Greenwich Wealth Management LLC now owns 6,713 shares of the company’s stock worth $1,126,000 after acquiring an additional 270 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, 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 value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.2 %

PG opened at $168.20 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a market cap of $394.39 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41. The business’s fifty day moving average is $167.27 and its two-hundred day moving average is $169.81. 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) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.84 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal 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 given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PG shares. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble 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, Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

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.