Central Bank & Trust Co. decreased its position in Procter & Gamble Co (NYSE:PG) by 14.8% during the second quarter, HoldingsChannel.com reports. The firm owned 11,506 shares of the company’s stock after selling 2,000 shares during the quarter. Central Bank & Trust Co.’s holdings in Procter & Gamble were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new stake in shares of Procter & Gamble in the first quarter worth $144,000. Clearwater Capital Advisors LLC acquired a new stake in shares of Procter & Gamble in the first quarter worth $154,000. Corbyn Investment Management Inc. MD acquired a new stake in shares of Procter & Gamble in the first quarter worth $157,000. Financial Gravity Companies Inc. acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $171,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Procter & Gamble by 296.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after acquiring an additional 1,524 shares during the last quarter. 58.49% of the stock is currently owned by institutional investors.
In other news, Vice Chairman Jon R. Moeller sold 2,873 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the sale, the insider now owns 113,638 shares in the company, valued at approximately $9,244,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total transaction of $2,177,820.00. The disclosure for this sale can be found here. Insiders have sold 147,186 shares of company stock worth $12,080,849 in the last quarter. Corporate insiders own 1.84% of the company’s stock.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. sell-side analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on PG shares. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co restated a “hold” rating and issued a $78.00 price objective on shares of Procter & Gamble in a research note on Thursday, August 16th. Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, July 31st. UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, July 18th. Finally, Morgan Stanley raised their price objective on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $83.96.
Procter & Gamble Profile
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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