Iowa State Bank Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Iowa State Bank lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,051 shares of the company’s stock after selling 153 shares during the period. Procter & Gamble comprises approximately 1.7% of Iowa State Bank’s holdings, making the stock its 18th largest holding. Iowa State Bank’s holdings in Procter & Gamble were worth $8,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Market Strategies LLC lifted its position in shares of Procter & Gamble by 6.5% in the 4th quarter. Capital Market Strategies LLC now owns 3,644 shares of the company’s stock worth $611,000 after purchasing an additional 224 shares during the period. CWA Asset Management Group LLC lifted its holdings in Procter & Gamble by 25.0% in the fourth quarter. CWA Asset Management Group LLC now owns 45,447 shares of the company’s stock worth $7,619,000 after buying an additional 9,092 shares during the period. Pensionfund Sabic grew its holdings in shares of Procter & Gamble by 51.7% during the 4th quarter. Pensionfund Sabic now owns 26,400 shares of the company’s stock worth $4,426,000 after acquiring an additional 9,000 shares during the period. Nordea Investment Management AB lifted its stake in shares of Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after purchasing an additional 201,695 shares during the period. Finally, First City Capital Management Inc. grew its stake in Procter & Gamble by 3.6% in the fourth quarter. First City Capital Management Inc. now owns 16,210 shares of the company’s stock worth $2,718,000 after purchasing an additional 561 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $3.76 during trading on Monday, hitting $161.37. The company had a trading volume of 3,502,419 shares, compared to its average volume of 4,617,828. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a market capitalization of $380.03 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The stock has a 50 day simple moving average of $170.21 and a 200 day simple moving average of $169.85.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.31%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock valued at $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

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.