Arbor Trust Wealth Advisors LLC Has $2.19 Million Stake in The Procter & Gamble Company (NYSE:PG)

Arbor Trust Wealth Advisors LLC increased its position in The Procter & Gamble Company (NYSE:PG) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,080 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,193,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PG. Concurrent Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after buying an additional 4,035 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at about $668,000. Fortem Financial Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $569,000. Synovus Financial Corp boosted its position in shares of Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after acquiring an additional 6,077 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Procter & Gamble by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after purchasing an additional 201,695 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Barclays lowered their target price on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight equities research 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. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $161.35 on Monday. The stock has a market cap of $379.98 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The company has a fifty day simple moving average of $169.19 and a 200-day simple moving average of $169.42. 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 Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43.

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, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the company earned $1.83 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.31%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.