The Procter & Gamble Company (NYSE:PG) Shares Sold by STAR Financial Bank

STAR Financial Bank lowered its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 4.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,590 shares of the company’s stock after selling 442 shares during the period. Procter & Gamble makes up 1.3% of STAR Financial Bank’s holdings, making the stock its 19th biggest holding. STAR Financial Bank’s holdings in Procter & Gamble were worth $1,556,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advantage Trust Co acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on PG shares. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Barclays upped their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Get Our Latest Research Report on PG

Procter & Gamble Trading Up 0.6 %

Shares of PG traded up $1.07 during midday trading on Wednesday, hitting $166.73. The stock had a trading volume of 5,036,807 shares, compared to its average volume of 6,528,171. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The business has a 50-day simple moving average of $166.04 and a two-hundred day simple moving average of $159.90. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $393.51 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Procter & Gamble Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGFree Report).

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

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