OLD National Bancorp IN Has $9.91 Million Position in The Procter & Gamble Company (NYSE:PG)

OLD National Bancorp IN increased its position in The Procter & Gamble Company (NYSE:PG) by 6.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,136 shares of the company’s stock after buying an additional 3,634 shares during the period. OLD National Bancorp IN’s holdings in Procter & Gamble were worth $9,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Brighton Jones LLC grew its holdings in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $50,049,000. Strategic Financial Concepts LLC boosted its position in shares of Procter & Gamble by 19,587.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 288,624 shares of the company’s stock valued at $48,388,000 after acquiring an additional 287,158 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Procter & Gamble by 1.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,814,391 shares of the company’s stock valued at $974,783,000 after acquiring an additional 97,592 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Procter & Gamble by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 504,941 shares of the company’s stock valued at $84,653,000 after acquiring an additional 1,548 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.7%

Shares of NYSE PG opened at $164.01 on Friday. The stock has a market cap of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The business has a fifty day moving average of $164.01 and a two-hundred day moving average of $167.25. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week 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 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Royal Bank of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

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.