First National Bank Sioux Falls lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,444 shares of the company’s stock after selling 245 shares during the period. Procter & Gamble accounts for 2.2% of First National Bank Sioux Falls’ holdings, making the stock its 16th biggest holding. First National Bank Sioux Falls’ holdings in Procter & Gamble were worth $677,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lord Abbett & CO. LLC grew its holdings in Procter & Gamble by 49.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 2,016,346 shares of the company’s stock worth $185,343,000 after purchasing an additional 670,046 shares during the period. Semmax Financial Advisors Inc. acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $587,000. Foresters Investment Management Company Inc. grew its holdings in shares of Procter & Gamble by 17.9% during the fourth quarter. Foresters Investment Management Company Inc. now owns 563,039 shares of the company’s stock valued at $51,755,000 after buying an additional 85,650 shares during the last quarter. ERTS Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $771,000. Finally, Total Wealth Planning LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $1,621,000. 65.62% of the stock is owned by institutional investors and hedge funds.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the sale, the vice president now owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marylynn Fergusonmchugh sold 37,027 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the sale, the chief executive officer now directly owns 112,703 shares in the company, valued at approximately $13,073,548. The disclosure for this sale can be found here. In the last ninety days, insiders sold 448,674 shares of company stock worth $53,197,461. Insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. The business had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Procter & Gamble Co will post 4.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is 65.93%.
A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a report on Monday, June 17th. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $108.95.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
Further Reading: Special Dividends
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.