Peoples Bank KS Sells 91 Shares of The Procter & Gamble Company (NYSE:PG)

Peoples Bank KS lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,401 shares of the company’s stock after selling 91 shares during the period. Procter & Gamble comprises about 1.3% of Peoples Bank KS’s investment portfolio, making the stock its 23rd biggest position. Peoples Bank KS’s holdings in Procter & Gamble were worth $1,715,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Advantage Trust Co purchased a new position in Procter & Gamble in the 4th quarter worth approximately $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. increased its position in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing 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. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders sold 125,462 shares of company stock valued at $21,238,114 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PG shares. Evercore ISI boosted their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Argus increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Stock Down 2.2 %

Shares of Procter & Gamble stock traded down $3.73 during trading on Monday, hitting $166.81. 6,800,471 shares of the stock traded hands, compared to its average volume of 6,689,643. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market cap of $393.69 billion, a P/E ratio of 27.26, a PEG ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.72. The company has a fifty day moving average price of $166.93 and a two-hundred day moving average price of $162.98.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.