Idaho Trust Bank Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Idaho Trust Bank decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 11.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,558 shares of the company’s stock after selling 194 shares during the quarter. Idaho Trust Bank’s holdings in Procter & Gamble were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ruedi Wealth Management Inc. increased its holdings in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth $34,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $31,000. Quest Partners LLC acquired a new position in Procter & Gamble in the second quarter valued at $36,000. Finally, Vima LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 2.2 %

Shares of NYSE PG opened at $173.88 on Thursday. The firm has a market cap of $410.38 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.81 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock’s 50-day simple moving average is $169.01 and its 200-day simple moving average is $165.01.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PG shares. BNP Paribas started coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Transactions at Procter & Gamble

In related news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

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.