First Interstate Bank Has $1.25 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

First Interstate Bank decreased its position in The Procter & Gamble Company (NYSE:PG) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,510 shares of the company’s stock after selling 496 shares during the period. First Interstate Bank’s holdings in Procter & Gamble were worth $1,247,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PG. Tyche Wealth Partners LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $6,093,000. Financial Strategies Group Inc. grew its position in Procter & Gamble by 12.7% during the 4th quarter. Financial Strategies Group Inc. now owns 21,569 shares of the company’s stock worth $3,281,000 after acquiring an additional 2,429 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Procter & Gamble by 2.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,081,303 shares of the company’s stock worth $158,454,000 after acquiring an additional 26,014 shares during the last quarter. Everence Capital Management Inc. grew its position in Procter & Gamble by 41.1% during the 4th quarter. Everence Capital Management Inc. now owns 94,176 shares of the company’s stock worth $13,801,000 after acquiring an additional 27,420 shares during the last quarter. Finally, Main Street Research LLC boosted its position in Procter & Gamble by 5.3% in the 4th quarter. Main Street Research LLC now owns 333,608 shares of the company’s stock valued at $48,887,000 after buying an additional 16,677 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on PG shares. Barclays increased their price objective on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. UBS Group increased their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.50 on Tuesday, hitting $155.95. 6,102,846 shares of the stock were exchanged, compared to its average volume of 6,848,103. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $366.95 billion, a PE ratio of 26.17, a P/E/G ratio of 3.18 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The firm’s 50 day moving average is $159.27 and its two-hundred day moving average is $152.70.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.58%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

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.