The Procter & Gamble Company (NYSE:PG) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division cut its holdings in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 248,410 shares of the company’s stock after selling 1,864 shares during the quarter. Procter & Gamble makes up approximately 3.9% of First Financial Bank Trust Division’s holdings, making the stock its 4th biggest holding. First Financial Bank Trust Division’s holdings in Procter & Gamble were worth $41,646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after buying an additional 3,619,466 shares in the last quarter. FMR LLC grew its position in Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock worth $4,599,554,000 after acquiring an additional 689,282 shares during the last quarter. Legal & General Group Plc increased its holdings in Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock worth $3,567,556,000 after purchasing an additional 122,190 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Procter & Gamble by 4.7% during the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company’s stock worth $3,183,522,000 after purchasing an additional 830,476 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.0 %

Shares of PG traded down $1.67 on Thursday, reaching $165.98. The company’s stock had a trading volume of 5,229,979 shares, compared to its average volume of 6,696,123. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The stock has a market capitalization of $390.89 billion, a PE ratio of 28.62, a PEG ratio of 3.70 and a beta of 0.44. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $170.34 and a 200-day moving average of $169.87.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s payout ratio is 69.31%.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last quarter. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PG shares. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Wells Fargo & Company increased their price target on Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.45.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.