FTB Advisors Inc. Has $10.19 Million Position in Procter & Gamble Co (PG)

FTB Advisors Inc. boosted its position in shares of Procter & Gamble Co (NYSE:PG) by 14.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,596 shares of the company’s stock after acquiring an additional 16,021 shares during the period. Procter & Gamble accounts for 0.9% of FTB Advisors Inc.’s holdings, making the stock its 28th biggest position. FTB Advisors Inc.’s holdings in Procter & Gamble were worth $10,194,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PG. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.9% in the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after buying an additional 2,961,408 shares during the last quarter. Yacktman Asset Management LP raised its holdings in shares of Procter & Gamble by 0.7% in the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock worth $1,209,015,000 after buying an additional 105,318 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Procter & Gamble by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock worth $1,105,148,000 after buying an additional 1,089,316 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Procter & Gamble by 63.1% in the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after buying an additional 4,315,180 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Procter & Gamble by 9.3% in the first quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock worth $864,242,000 after buying an additional 928,541 shares during the last quarter. 58.54% of the stock is owned by institutional investors.

In other news, insider R. Alexandra Keith sold 1,463 shares of Procter & Gamble stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $89.89, for a total value of $131,509.07. Following the sale, the insider now owns 45,018 shares in the company, valued at $4,046,668.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 1,980 shares of Procter & Gamble stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $81.35, for a total transaction of $161,073.00. Following the completion of the sale, the insider now owns 50,074 shares in the company, valued at approximately $4,073,519.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,302 shares of company stock worth $13,438,363. 1.84% of the stock is owned by company insiders.

PG has been the topic of a number of research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $86.00 price objective on shares of Procter & Gamble in a research note on Friday. TD Securities reiterated a “hold” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America increased their price objective on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and an average price target of $88.38.

PG stock opened at $92.41 on Friday. The firm has a market cap of $230.70 billion, a P/E ratio of 21.90, a PEG ratio of 3.00 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Research analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be given a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.10%. Procter & Gamble’s dividend payout ratio is presently 68.01%.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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