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Indiana Trust & Investment Management CO Has $1.82 Million Stake in Procter & Gamble Co (PG)

Indiana Trust & Investment Management CO cut its stake in Procter & Gamble Co (NYSE:PG) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,912 shares of the company’s stock after selling 1,321 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Procter & Gamble were worth $1,824,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PG. BlackRock Inc. grew its stake in Procter & Gamble by 2.2% during the 2nd quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock worth $12,969,690,000 after buying an additional 3,551,051 shares during the last quarter. Yacktman Asset Management LP grew its stake in Procter & Gamble by 0.7% during the 2nd quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock worth $1,209,015,000 after buying an additional 105,318 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Procter & Gamble by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock worth $1,125,183,000 after buying an additional 474,529 shares during the last quarter. Fisher Asset Management LLC grew its stake in Procter & Gamble by 3.7% during the 2nd quarter. Fisher Asset Management LLC now owns 9,844,145 shares of the company’s stock worth $768,434,000 after buying an additional 351,075 shares during the last quarter. Finally, Swiss National Bank grew its stake in Procter & Gamble by 2.2% during the 2nd quarter. Swiss National Bank now owns 9,427,788 shares of the company’s stock worth $735,933,000 after buying an additional 202,800 shares during the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.

Get Procter & Gamble alerts: PG has been the topic of several research analyst reports. Citigroup boosted their target price on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday, October 22nd. UBS Group set a $82.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, October 17th. Macquarie boosted their price target on Procter & Gamble from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, October 22nd. Atlantic Securities initiated coverage on Procter & Gamble in a research note on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target on the stock. Finally, Bank of America boosted their price target on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and an average price target of $91.16.

In other news, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, insider Carolyn M. Tastad sold 19,791 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total value of $1,834,823.61. Following the completion of the transaction, the insider now directly owns 60,575 shares of the company’s stock, valued at approximately $5,615,908.25. The disclosure for this sale can be found here . In the last three months, insiders sold 502,927 shares of company stock valued at $46,437,282. Insiders own 1.84% of the company’s stock.

Procter & Gamble stock opened at $87.36 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The stock has a market cap of $229.34 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.96 and a beta of 0.37. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $96.89.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, research analysts forecast that Procter & Gamble Co will post 4.41 earnings per share for the current year.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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