Finward Bancorp Purchases Shares of 8,977 The Procter & Gamble Company (NYSE:PG)

Finward Bancorp bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,977 shares of the company’s stock, valued at approximately $1,505,000. Procter & Gamble makes up 1.3% of Finward Bancorp’s portfolio, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $5,244,463,000. Raymond James Financial Inc. bought a new stake in Procter & Gamble in the fourth quarter valued at about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Procter & Gamble by 1,195.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock worth $580,596,000 after buying an additional 2,973,757 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Procter & Gamble by 1,709.5% during the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company’s stock worth $324,825,000 after buying an additional 1,895,421 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a report on Friday. Finally, Truist Financial raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $181.50.

Procter & Gamble Stock Performance

NYSE PG opened at $169.11 on Tuesday. The firm has a market cap of $396.54 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.76 and a beta of 0.43. The company has a 50-day simple moving average of $168.35 and a two-hundred day simple moving average of $168.56. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is presently 67.20%.

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.