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

Iowa State Bank decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,051 shares of the company’s stock after selling 153 shares during the period. Procter & Gamble makes up about 1.7% of Iowa State Bank’s investment portfolio, making the stock its 18th largest position. Iowa State Bank’s holdings in Procter & Gamble were worth $8,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Market Strategies LLC raised its position in 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 raised its holdings in shares of 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 boosted its holdings in Procter & Gamble by 51.7% during the 4th quarter. Pensionfund Sabic now owns 26,400 shares of the company’s stock valued at $4,426,000 after acquiring an additional 9,000 shares during the period. Nordea Investment Management AB grew its position in 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 acquiring an additional 201,695 shares during the last quarter. Finally, First City Capital Management Inc. increased 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. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $3.76 during trading hours on Monday, reaching $161.37. The stock had a trading volume of 3,502,419 shares, compared to its average volume of 4,617,828. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. 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 firm has a market capitalization of $380.03 billion, a PE ratio of 27.82, a PEG ratio of 3.70 and a beta of 0.45. The stock’s 50 day moving average is $170.21 and its 200 day moving average is $169.85.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the company posted $1.83 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.31%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PG. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Wells Fargo & Company increased their price target on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Insiders Place Their Bets

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 transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.