The Procter & Gamble Company (NYSE:PG) Stake Reduced by Community Trust & Investment Co.

Community Trust & Investment Co. cut its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,330 shares of the company’s stock after selling 4,460 shares during the quarter. Procter & Gamble comprises about 1.7% of Community Trust & Investment Co.’s investment portfolio, making the stock its 17th biggest holding. Community Trust & Investment Co.’s holdings in Procter & Gamble were worth $19,146,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PG. Ledyard National Bank increased its position in shares of Procter & Gamble by 1.2% during the third quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock valued at $10,233,000 after purchasing an additional 961 shares during the period. Autumn Glory Partners LLC grew its holdings in shares of Procter & Gamble by 38.9% during the third quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock worth $1,383,000 after buying an additional 3,070 shares in the last quarter. Private Wealth Partners LLC grew its stake in Procter & Gamble by 9.4% in the third quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock valued at $3,586,000 after purchasing an additional 2,445 shares in the last quarter. Udine Wealth Management Inc. acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $752,000. Finally, Virtus ETF Advisers LLC bought a new position in Procter & Gamble during the 2nd quarter worth $665,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Susan Street Whaley sold 435 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at $1,537,328.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,766 shares of company stock worth $656,511. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PG shares. UBS Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their target price for the stock from $157.00 to $163.00 in a report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft upped their target price on Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, December 6th. Citigroup assumed coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target on the stock. Wolfe Research assumed coverage on Procter & Gamble in a report on Monday, November 21st. They set an “outperform” rating and a $156.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price on Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.67.

Procter & Gamble Trading Up 0.0 %

Shares of Procter & Gamble stock opened at $142.93 on Friday. The company has a market capitalization of $337.19 billion, a P/E ratio of 25.08, a P/E/G ratio of 3.99 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The company has a fifty day moving average of $141.73 and a 200 day moving average of $140.64. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. The firm had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s payout ratio is currently 64.04%.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.