Central Bank & Trust Co. Sells 4,531 Shares of The Procter & Gamble Company (NYSE:PG)

Central Bank & Trust Co. decreased its position in The Procter & Gamble Company (NYSE:PG) by 24.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,049 shares of the company’s stock after selling 4,531 shares during the quarter. Central Bank & Trust Co.’s holdings in Procter & Gamble were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PG. Advantage Trust Co bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $28,000. Naples Money Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Ruedi Wealth Management Inc. increased its stake in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction dated 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 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. Insiders have sold a total of 84,389 shares of company stock valued at $14,373,932 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG traded up $0.93 during trading on Monday, reaching $168.82. The company had a trading volume of 1,161,940 shares, compared to its average volume of 6,639,918. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $171.72. The stock has a market cap of $398.44 billion, a PE ratio of 27.58, a P/E/G ratio of 3.66 and a beta of 0.41. The business’s 50-day moving average is $166.99 and its 200 day moving average is $163.30. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PG shares. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. TD Cowen initiated coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Finally, StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Profile

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.