Today, Procter & Gamble Co. (PG) Position Increased by Burke & Herbert Bank & Trust Co.

Today, Procter & Gamble Co. (PG) Position Increased by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. raised its stake in shares of Procter & Gamble Co. (NYSE:PG) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 16,274 shares of the company’s stock after buying an additional 179 shares during the period. Procter & Gamble Co. accounts for 1.3% of Burke & Herbert Bank & Trust Co.’s portfolio, making the stock its 19th largest position. Burke & Herbert Bank & Trust Co.’s holdings in Procter & Gamble Co. were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Crystal Rock Capital Management boosted its position in Procter & Gamble Co. by 26.2% in the first quarter. Crystal Rock Capital Management now owns 53,780 shares of the company’s stock valued at $4,427,000 after buying an additional 11,180 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Procter & Gamble Co. by 2.9% in the first quarter. Pictet Asset Management Ltd. now owns 1,795,493 shares of the company’s stock valued at $144,160,000 after buying an additional 49,848 shares during the last quarter. Quadrature Capital Ltd boosted its position in Procter & Gamble Co. by 16.4% in the first quarter. Quadrature Capital Ltd now owns 238,704 shares of the company’s stock valued at $19,648,000 after buying an additional 33,551 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Procter & Gamble Co. by 309.4% in the first quarter. Meeder Asset Management Inc. now owns 100,269 shares of the company’s stock valued at $8,254,000 after buying an additional 75,780 shares during the last quarter. Finally, Accredited Investors Inc. boosted its position in Procter & Gamble Co. by 0.3% in the first quarter. Accredited Investors Inc. now owns 12,077 shares of the company’s stock valued at $994,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 59.51% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.94% during mid-day trading on Friday, reaching $83.46. 3,883,098 shares of the company’s stock traded hands. The stock has a market capitalization of $223.34 billion, a PE ratio of 22.26 and a beta of 0.62. The company’s 50-day moving average price is $85.71 and its 200-day moving average price is $85.39. Procter & Gamble Co. has a 12-month low of $74.46 and a 12-month high of $90.33.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The firm earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Procter & Gamble Co.’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Co. will post $3.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 21st were issued a $0.6695 dividend. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.21%. Procter & Gamble Co.’s payout ratio is 71.66%.

Several equities analysts have recently weighed in on PG shares. Vetr raised Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Wednesday, October 12th. Jefferies Group set a $93.00 target price on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Monday, November 21st. Zacks Investment Research raised Procter & Gamble Co. from a “sell” rating to a “hold” rating and set a $98.00 target price on the stock in a report on Friday, October 14th. Johnson Rice raised Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Procter & Gamble Co. in a report on Tuesday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Procter & Gamble Co. currently has a consensus rating of “Buy” and a consensus target price of $91.55.

In other Procter & Gamble Co. news, insider Juan Fernando Posada sold 3,501 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total transaction of $313,339.50. Following the completion of the sale, the insider now directly owns 19,953 shares in the company, valued at $1,785,793.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Price Matthew sold 3,081 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90. Following the sale, the insider now owns 14,962 shares of the company’s stock, valued at $1,300,197.80. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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