Commerce Bank Has $235.31 Million Position in The Procter & Gamble Company (NYSE:PG)

Commerce Bank lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,450,320 shares of the company’s stock after selling 26,037 shares during the quarter. Procter & Gamble comprises 1.6% of Commerce Bank’s holdings, making the stock its 9th biggest position. Commerce Bank owned 0.06% of Procter & Gamble worth $235,314,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PG. Advantage Trust Co purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG traded up $0.77 during midday trading on Wednesday, hitting $166.43. The company’s stock had a trading volume of 1,694,151 shares, compared to its average volume of 6,502,657. The business’s fifty day simple moving average is $165.97 and its two-hundred day simple moving average is $159.85. 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 Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The firm has a market capitalization of $392.80 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41.

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 business 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PG. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Finally, Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

About Procter & Gamble

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.