Stearns Financial Services Group Sells 1,700 Shares of Procter & Gamble Co (PG)

Stearns Financial Services Group trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,748 shares of the company’s stock after selling 1,700 shares during the quarter. Stearns Financial Services Group’s holdings in Procter & Gamble were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MML Investors Services LLC boosted its position in Procter & Gamble by 12.3% during the first quarter. MML Investors Services LLC now owns 122,579 shares of the company’s stock worth $9,718,000 after acquiring an additional 13,462 shares during the last quarter. D L Carlson Investment Group Inc. boosted its position in Procter & Gamble by 3.2% during the first quarter. D L Carlson Investment Group Inc. now owns 45,851 shares of the company’s stock worth $3,635,000 after acquiring an additional 1,402 shares during the last quarter. Gemmer Asset Management LLC boosted its position in Procter & Gamble by 12.8% during the first quarter. Gemmer Asset Management LLC now owns 16,932 shares of the company’s stock worth $1,342,000 after acquiring an additional 1,917 shares during the last quarter. Wills Financial Group Inc. boosted its position in Procter & Gamble by 7.7% during the first quarter. Wills Financial Group Inc. now owns 46,334 shares of the company’s stock worth $3,673,000 after acquiring an additional 3,297 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Procter & Gamble by 56.3% during the first quarter. OppenheimerFunds Inc. now owns 797,567 shares of the company’s stock worth $63,230,000 after acquiring an additional 287,295 shares during the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

In other news, insider Juan Fernando Posada sold 1,068 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $93.66, for a total value of $100,028.88. Following the transaction, the insider now owns 26,739 shares of the company’s stock, valued at approximately $2,504,374.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the completion of the transaction, the insider now directly owns 209,033 shares in the company, valued at approximately $19,205,952.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 502,927 shares of company stock worth $46,437,282. 1.84% of the stock is currently owned by insiders.

NYSE:PG opened at $92.45 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The company has a market cap of $235.84 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.07 and a beta of 0.37. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $94.86.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. Procter & Gamble’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, equities analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

PG has been the topic of a number of analyst reports. Macquarie raised their target price on shares of Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, October 22nd. Societe Generale set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. TD Securities restated a “hold” rating on shares of Procter & Gamble in a research report on Thursday, November 8th. UBS Group raised their target price on shares of Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $88.38.

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Procter & Gamble Profile

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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