FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $3.09 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 6.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,718 shares of the company’s stock after buying an additional 1,115 shares during the quarter. Procter & Gamble makes up 0.8% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 27th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Procter & Gamble were worth $3,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Ruedi Wealth Management Inc. grew its stake in shares of 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. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble in the second quarter worth $34,000. Vima LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $35,000. Finally, Quest Partners LLC bought a new stake in shares of Procter & Gamble in the second quarter worth $36,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 8,842 shares of the 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 sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PG. TD Cowen began coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Trading Up 0.3 %

PG opened at $176.07 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.04. The firm has a market capitalization of $415.55 billion, a PE ratio of 28.77, a P/E/G ratio of 3.81 and a beta of 0.41. The company’s 50-day moving average is $168.53 and its 200 day moving average is $164.83.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) 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.