Commerce Bank Sells 2,109 Shares of The Procter & Gamble Company (NYSE:PG)

Commerce Bank reduced its stake in The Procter & Gamble Company (NYSE:PG) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,476,357 shares of the company’s stock after selling 2,109 shares during the period. Procter & Gamble accounts for approximately 1.5% of Commerce Bank’s holdings, making the stock its 9th biggest position. Commerce Bank’s holdings in Procter & Gamble were worth $216,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. WealthPlan Investment Management LLC increased its stake in shares of Procter & Gamble by 420.4% in the third quarter. WealthPlan Investment Management LLC now owns 4,829 shares of the company’s stock worth $704,000 after acquiring an additional 3,901 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Procter & Gamble during the third quarter worth approximately $513,000. Bahl & Gaynor Inc. increased its holdings in shares of Procter & Gamble by 2.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 4,292,406 shares of the company’s stock worth $626,090,000 after purchasing an additional 90,154 shares during the period. Stack Financial Management Inc lifted its position in Procter & Gamble by 0.3% in the third quarter. Stack Financial Management Inc now owns 98,689 shares of the company’s stock worth $14,395,000 after purchasing an additional 262 shares during the period. Finally, Certuity LLC increased its stake in Procter & Gamble by 28.0% in the third quarter. Certuity LLC now owns 8,591 shares of the company’s stock valued at $1,253,000 after acquiring an additional 1,877 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 181,185 shares of company stock worth $29,705,503 over the last three months. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays increased their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Stock Down 1.1 %

Shares of PG stock traded down $1.80 on Thursday, hitting $166.01. The stock had a trading volume of 2,630,918 shares, compared to its average volume of 6,653,387. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The business has a 50 day moving average of $161.67 and a 200 day moving average of $155.78. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.54. The stock has a market cap of $391.81 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. As a group, analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.