Trust Co of the South Sells 87 Shares of The Procter & Gamble Company (NYSE:PG)

Trust Co of the South lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,216 shares of the company’s stock after selling 87 shares during the quarter. Trust Co of the South’s holdings in Procter & Gamble were worth $1,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advantage Trust Co bought a new position in Procter & Gamble in the 4th quarter valued at approximately $28,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the 4th quarter worth about $31,000. Ruedi Wealth Management Inc. raised its position in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 2.6 %

Procter & Gamble stock traded up $4.39 during midday trading on Friday, reaching $170.08. The stock had a trading volume of 11,899,038 shares, compared to its average volume of 6,952,473. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92. The company has a fifty day moving average of $166.28 and a 200 day moving average of $162.13. The firm has a market cap of $401.41 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.41. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.33% and a net margin of 17.71%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Analyst Ratings Changes

Several brokerages have issued reports on PG. Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup raised their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Insider Activity

In other news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total value of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at approximately $1,605,961.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,320 shares of company stock worth $15,646,323. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.