Procter & Gamble Co (NYSE:PG) Stock Position Cut by CENTRAL TRUST Co

CENTRAL TRUST Co cut its position in shares of Procter & Gamble Co (NYSE:PG) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 232,348 shares of the company’s stock after selling 1,542 shares during the period. Procter & Gamble accounts for 1.6% of CENTRAL TRUST Co’s holdings, making the stock its 8th biggest position. CENTRAL TRUST Co’s holdings in Procter & Gamble were worth $28,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Slow Capital Inc. lifted its holdings in Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares in the last quarter. AMI Asset Management Corp lifted its stake in shares of Procter & Gamble by 0.7% in the third quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock worth $1,671,000 after buying an additional 87 shares in the last quarter. Stony Point Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 0.7% in the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after buying an additional 91 shares in the last quarter. Centric Wealth Management lifted its stake in shares of Procter & Gamble by 0.9% in the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock worth $1,295,000 after buying an additional 91 shares in the last quarter. Finally, Family Legacy Inc. lifted its stake in shares of Procter & Gamble by 0.6% in the second quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock worth $1,772,000 after buying an additional 95 shares in the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Jon R. Moeller sold 141,575 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 492,519 shares of company stock valued at $58,596,988. 1.75% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on PG shares. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group reissued a “buy” rating and issued a $136.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Wells Fargo & Co raised their price target on shares of Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. Procter & Gamble presently has an average rating of “Hold” and an average price target of $115.00.

Procter & Gamble stock opened at $123.48 on Tuesday. Procter & Gamble Co has a 12-month low of $86.74 and a 12-month high of $125.77. The stock has a market cap of $311.20 billion, a P/E ratio of 27.32, a PEG ratio of 3.50 and a beta of 0.42. The company has a 50-day moving average price of $121.85 and a 200 day moving average price of $114.11. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same period last year, the business earned $1.12 earnings per share. Procter & Gamble’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s payout ratio is currently 65.93%.

About Procter & Gamble

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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