Private Trust Co. NA Sells 696 Shares of The Procter & Gamble Company (NYSE:PG)

Private Trust Co. NA lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 50,699 shares of the company’s stock after selling 696 shares during the quarter. Procter & Gamble accounts for about 0.9% of Private Trust Co. NA’s holdings, making the stock its 12th biggest position. Private Trust Co. NA’s holdings in Procter & Gamble were worth $8,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in shares of Procter & Gamble by 19,030.8% during the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after purchasing an additional 3,674,286 shares during the period. Wulff Hansen & CO. boosted its holdings in Procter & Gamble by 16,292.0% in the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after acquiring an additional 3,653,477 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Procter & Gamble in the third quarter valued at approximately $301,950,000. AMF Tjanstepension AB increased its holdings in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Procter & Gamble during the first quarter worth approximately $233,788,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.1 %

Shares of Procter & Gamble stock opened at $178.21 on Monday. The stock has a market capitalization of $419.69 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.81 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock’s 50-day simple moving average is $170.04 and its 200 day simple moving average is $168.66. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $178.74.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,673 shares of company stock valued at $10,102,753 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their price target on Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.45.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.