Czech National Bank Buys 21,248 Shares of Procter & Gamble Company (The) $PG

Czech National Bank lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 616,162 shares of the company’s stock after buying an additional 21,248 shares during the quarter. Procter & Gamble makes up about 0.6% of Czech National Bank’s investment portfolio, making the stock its 25th largest position. Czech National Bank’s holdings in Procter & Gamble were worth $88,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth $25,000. Saranac Partners Ltd purchased a new position in shares of Procter & Gamble during the third quarter valued at about $30,000. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble during the third quarter valued at about $32,000. Caitlin John LLC bought a new stake in shares of Procter & Gamble in the third quarter worth about $34,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 348,618 shares of company stock worth $55,462,643 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $143.80 on Thursday. The business’s 50 day moving average price is $154.01 and its 200-day moving average price is $150.36. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The company has a market cap of $334.18 billion, a P/E ratio of 21.30, a P/E/G ratio of 4.79 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.52%.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Tuesday, February 17th. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and increased their target price for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, BNP Paribas Exane reduced their price target on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.