Bank of Edwardsville Trims Stake in Procter & Gamble Co (NYSE:PG)

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Bank of Edwardsville decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 45.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,583 shares of the company’s stock after selling 2,178 shares during the period. Bank of Edwardsville’s holdings in Procter & Gamble were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its position in Procter & Gamble by 1.6% during the 1st quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock valued at $632,000 after acquiring an additional 96 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its position in Procter & Gamble by 4.8% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 2,200 shares of the company’s stock valued at $241,000 after acquiring an additional 100 shares in the last quarter. NewSquare Capital LLC boosted its position in Procter & Gamble by 0.7% during the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock valued at $1,516,000 after acquiring an additional 115 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its position in Procter & Gamble by 1.0% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock valued at $1,081,000 after acquiring an additional 115 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA boosted its position in Procter & Gamble by 0.5% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 23,024 shares of the company’s stock valued at $2,525,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.

Several research firms have weighed in on PG. Morgan Stanley set a $129.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group boosted their price target on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. SunTrust Banks boosted their price target on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank boosted their price target on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $108.15.

NYSE:PG opened at $117.39 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. The firm has a market capitalization of $290.26 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.36 and a beta of 0.45. Procter & Gamble Co has a one year low of $78.49 and a one year high of $121.76. The business has a fifty day moving average price of $114.68 and a 200-day moving average price of $106.59.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. On average, equities research analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.54%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In related news, insider Carolyn M. Tastad sold 25,645 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total value of $2,720,421.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marylynn Fergusonmchugh sold 37,027 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at approximately $13,073,548. The disclosure for this sale can be found here. Insiders sold a total of 137,817 shares of company stock valued at $15,669,439 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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