First Nebraska Trust Co Acquires 15,174 Shares of Procter & Gamble Company (The) $PG

First Nebraska Trust Co acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,174 shares of the company’s stock, valued at approximately $2,204,000.

A number of other hedge funds also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Procter & Gamble in the second quarter worth about $26,000. Montgomery Financial Services LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $28,000. Paladin Partners LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $29,000. Evergreen Advisors LLC purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at about $37,000. Finally, Toews Corp ADV bought a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 1.1%

Shares of PG opened at $161.80 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company has a 50 day simple moving average of $150.68 and a two-hundred day simple moving average of $149.12. The firm has a market cap of $375.02 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same quarter last year, the business posted $1.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.

Insider Buying and Selling

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the completion of the transaction, the chief executive officer owned 55,391 shares in the company, valued at $9,033,718.19. This trade represents a 38.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 38,253 shares of Procter & Gamble stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $6,311,745.00. Following the completion of the sale, the chief executive officer directly owned 47,745 shares in the company, valued at $7,877,925. This trade represents a 44.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 128,085 shares of company stock worth $20,696,098 in the last 90 days. 0.23% of the stock is owned by company insiders.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
• Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
• Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
• Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PG shares. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, October 22nd. TD Cowen upped their target price on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a report on Friday, October 23rd. BNP Paribas Exane increased their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $170.57.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.