First Financial Corp IN Buys 453 Shares of The Procter & Gamble Company (NYSE:PG)

First Financial Corp IN grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,555 shares of the company’s stock after purchasing an additional 453 shares during the quarter. Procter & Gamble comprises approximately 0.9% of First Financial Corp IN’s investment portfolio, making the stock its 19th largest position. First Financial Corp IN’s holdings in Procter & Gamble were worth $1,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp boosted its holdings in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares in the last quarter. Quest Partners LLC acquired a new stake in Procter & Gamble in the second quarter worth $36,000. Inspire Advisors LLC increased its stake in Procter & Gamble by 16.5% in the second quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock valued at $299,000 after purchasing an additional 257 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Procter & Gamble by 357.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 70,212 shares of the company’s stock valued at $11,579,000 after purchasing an additional 54,875 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Procter & Gamble by 4.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock worth $58,467,000 after purchasing an additional 13,533 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was 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 in the company, valued at $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $158.86 on Tuesday. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company has a 50-day simple moving average of $169.52 and a 200 day simple moving average of $169.55. The company has a market capitalization of $374.12 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Company 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.