The Procter & Gamble Company (NYSE:PG) Shares Sold by Farmers Trust Co.

Farmers Trust Co. decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,975 shares of the company’s stock after selling 112 shares during the period. Procter & Gamble makes up approximately 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 23rd largest holding. Farmers Trust Co.’s holdings in Procter & Gamble were worth $6,404,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. HighPoint Advisor Group LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $17,696,000. Bayesian Capital Management LP raised its holdings in Procter & Gamble by 43.0% during the fourth quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock worth $7,743,000 after purchasing an additional 15,900 shares during the last quarter. Steele Capital Management Inc. purchased a new stake in Procter & Gamble during the first quarter worth $204,000. Mosley Wealth Management acquired a new stake in Procter & Gamble in the fourth quarter valued at $537,000. Finally, United Advisor Group LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $3,463,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the sale, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at $46,203,373.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,194 shares of company stock valued at $65,140,718. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 1.1 %

NYSE PG opened at $170.06 on Friday. The firm’s 50 day moving average price is $171.15 and its two-hundred day moving average price is $166.43. The stock has a market cap of $401.37 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the previous year, the company posted $1.37 EPS. Procter & Gamble’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PG shares. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. BNP Paribas initiated coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.89.

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.