Stock Yards Bank & Trust Co. decreased its holdings in Procter & Gamble Co (NYSE:PG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,888 shares of the company’s stock after selling 2,546 shares during the quarter. Procter & Gamble comprises approximately 1.9% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 14th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Procter & Gamble were worth $17,447,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PG. Asset Planning Services Ltd. increased its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble in the second quarter valued at $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at $125,000. Blume Capital Management Inc. increased its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after buying an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at $173,000. Hedge funds and other institutional investors own 61.05% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) opened at $79.72 on Wednesday. The company has a market capitalization of $200,970.00, a PE ratio of 20.28, a P/E/G ratio of 2.50 and a beta of 0.58. Procter & Gamble Co has a 52-week low of $77.90 and a 52-week high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is 70.23%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Deborah P. Majoras sold 4,591 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Tuesday, January 16th. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Jefferies Group restated a “buy” rating and issued a $88.23 price target (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target for the company in a research report on Thursday, February 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $90.00 price target on shares of Procter & Gamble in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $87.37.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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