Procter & Gamble Co (NYSE:PG) Holdings Trimmed by Arvest Bank Trust Division

Arvest Bank Trust Division trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,218 shares of the company’s stock after selling 3,697 shares during the period. Procter & Gamble accounts for 1.3% of Arvest Bank Trust Division’s investment portfolio, making the stock its 24th biggest holding. Arvest Bank Trust Division’s holdings in Procter & Gamble were worth $18,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at $25,000. Camarda Financial Advisors LLC lifted its stake in shares of Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Lucia Wealth Services LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $29,000. Dougherty Wealth Advisers LLC lifted its stake in shares of Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in shares of Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock valued at $48,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

PG has been the subject of several analyst reports. Credit Suisse Group lifted their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TheStreet lowered shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. Finally, Morgan Stanley lifted their price objective on shares of Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $109.44.

In related news, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the completion of the sale, the insider now directly owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 451,354 shares of company stock worth $53,518,874. Insiders own 1.75% of the company’s stock.

NYSE:PG opened at $117.47 on Friday. The firm’s 50-day moving average is $121.81 and its 200-day moving average is $113.22. Procter & Gamble Co has a 52-week low of $84.86 and a 52-week high of $125.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. The company has a market cap of $291.88 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Co will post 4.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.54%. Procter & Gamble’s payout ratio is 65.93%.

About Procter & Gamble

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.

Recommended Story: What is a Special Dividend?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.