The Procter & Gamble Company (NYSE:PG) Holdings Trimmed by VeraBank N.A.

VeraBank N.A. trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,319 shares of the company’s stock after selling 61 shares during the period. VeraBank N.A.’s holdings in Procter & Gamble were worth $2,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $29,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,544 shares of company stock valued at $25,413,051. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

Shares of NYSE PG traded up $1.07 during mid-day trading on Wednesday, hitting $166.73. The company’s stock had a trading volume of 5,036,807 shares, compared to its average volume of 6,528,171. The stock has a market cap of $393.51 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company’s fifty day simple moving average is $166.04 and its 200-day simple moving average is $159.90.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the firm earned $1.37 EPS. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PG shares. BNP Paribas started coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. Barclays boosted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group raised their price target on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.