First National Bank of Omaha Sells 340 Shares of The Procter & Gamble Company (NYSE:PG)

First National Bank of Omaha decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,312 shares of the company’s stock after selling 340 shares during the quarter. First National Bank of Omaha’s holdings in Procter & Gamble were worth $11,312,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PG. International Assets Investment Management LLC grew its holdings in Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after buying an additional 3,674,286 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of Procter & Gamble by 16,292.0% during the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock valued at $606,230,000 after acquiring an additional 3,653,477 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Procter & Gamble in the third quarter valued at $301,950,000. AMF Tjanstepension AB increased its position in Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its stake in Procter & Gamble by 4,621.9% during the third quarter. Icon Wealth Advisors LLC now owns 1,285,923 shares of the company’s stock valued at $222,722,000 after purchasing an additional 1,258,690 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 1.3 %

PG opened at $173.82 on Friday. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $180.43. The company has a market capitalization of $409.35 billion, a P/E ratio of 29.97, a PEG ratio of 3.77 and a beta of 0.44. The stock’s fifty day moving average is $170.76 and its two-hundred day moving average is $169.39. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio is presently 69.31%.

Insider Activity at Procter & Gamble

In related news, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock valued at $14,629,038 over the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PG shares. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Morgan Stanley boosted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Piper Sandler initiated coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.