UMB Bank n.a. Has $49.03 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

UMB Bank n.a. cut 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 13F filing with the Securities and Exchange Commission. The firm owned 292,442 shares of the company’s stock after selling 931 shares during the period. Procter & Gamble accounts for approximately 0.8% of UMB Bank n.a.’s holdings, making the stock its 28th biggest holding. UMB Bank n.a.’s holdings in Procter & Gamble were worth $49,028,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PG. Strong Tower Advisory Services boosted its position in shares of Procter & Gamble by 12.0% in the 4th quarter. Strong Tower Advisory Services now owns 12,068 shares of the company’s stock worth $2,023,000 after purchasing an additional 1,297 shares during the last quarter. M.E. Allison & CO. Inc. bought a new position in Procter & Gamble during the fourth quarter worth about $1,533,000. Thrive Wealth Management LLC grew its position in shares of Procter & Gamble by 12.8% during the 4th quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock worth $2,850,000 after buying an additional 1,929 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Procter & Gamble by 48.7% in the 4th quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock valued at $3,411,000 after acquiring an additional 7,045 shares during the last quarter. Finally, Smart Money Group LLC boosted its stake in Procter & Gamble by 7.5% during the 4th quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock worth $886,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The shares were 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 of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,447 shares of company stock worth $12,978,820. 0.18% of the stock is owned by company insiders.

Procter & Gamble Price Performance

Shares of PG opened at $161.35 on Tuesday. 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 company’s fifty day simple moving average is $169.19 and its 200 day simple moving average is $169.46. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a market cap of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the business earned $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts forecast that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is 69.48%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group cut their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price objective 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble 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.