American National Bank & Trust Decreases Stake in The Procter & Gamble Company (NYSE:PG)

American National Bank & Trust cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,445 shares of the company’s stock after selling 3,020 shares during the quarter. Procter & Gamble makes up approximately 1.3% of American National Bank & Trust’s portfolio, making the stock its 23rd largest holding. American National Bank & Trust’s holdings in Procter & Gamble were worth $11,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $17,696,000. Bayesian Capital Management LP raised its stake in shares of Procter & Gamble by 43.0% during the 4th quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock valued at $7,743,000 after purchasing an additional 15,900 shares during the period. Steele Capital Management Inc. purchased a new stake in Procter & Gamble during the 1st quarter worth about $204,000. Mosley Wealth Management bought a new position in Procter & Gamble in the 4th quarter worth about $537,000. Finally, United Advisor Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $3,463,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Piper Sandler assumed coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada lifted their price objective on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Trading Down 0.6 %

Shares of PG opened at $171.92 on Thursday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The firm has a market cap of $405.76 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.76 and a beta of 0.41. The firm has a 50 day moving average price of $171.09 and a 200-day moving average price of $166.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 over the last three months. 0.17% of the stock is owned by company insiders.

Procter & Gamble Company Profile

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.