Procter & Gamble Co (PG) Shares Sold by BB&T Corp

BB&T Corp reduced its stake in Procter & Gamble Co (NYSE:PG) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,166 shares of the company’s stock after selling 9,250 shares during the period. BB&T Corp’s holdings in Procter & Gamble were worth $32,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. ACR Alpine Capital Research LLC raised its holdings in shares of Procter & Gamble by 0.8% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,001 shares of the company’s stock worth $262,000 after purchasing an additional 25 shares in the last quarter. JT Stratford LLC raised its holdings in shares of Procter & Gamble by 0.6% in the 2nd quarter. JT Stratford LLC now owns 4,060 shares of the company’s stock worth $354,000 after purchasing an additional 25 shares in the last quarter. American Asset Management Inc. raised its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. American Asset Management Inc. now owns 4,036 shares of the company’s stock worth $352,000 after purchasing an additional 49 shares in the last quarter. Ken Stern & Associates Inc. raised its holdings in shares of Procter & Gamble by 0.8% in the 2nd quarter. Ken Stern & Associates Inc. now owns 6,189 shares of the company’s stock worth $540,000 after purchasing an additional 50 shares in the last quarter. Finally, Krilogy Financial LLC raised its holdings in shares of Procter & Gamble by 0.7% in the 2nd quarter. Krilogy Financial LLC now owns 6,938 shares of the company’s stock worth $605,000 after purchasing an additional 50 shares in the last quarter. 60.98% of the stock is owned by institutional investors.

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Procter & Gamble stock opened at $78.43 on Monday. The company has a market capitalization of $197,722.34, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.46 and a beta of 0.57. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a twelve month low of $75.81 and a twelve month high of $94.67.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. equities research analysts forecast that Procter & Gamble Co will post 4.18 earnings per share for the current year.

A number of equities research analysts have recently issued reports on PG shares. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley cut their price target on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays set a $84.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Thursday, March 15th. Jefferies Group restated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a report on Monday, December 18th. Finally, Wells Fargo restated a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a report on Sunday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.07.

In other Procter & Gamble news, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $255,574.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. Company insiders own 0.35% of the company’s stock.

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Procter & Gamble Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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