Truehand Inc Sells 177 Shares of The Procter & Gamble Company (NYSE:PG)

Truehand Inc cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,654 shares of the company’s stock after selling 177 shares during the quarter. The Procter & Gamble accounts for 2.4% of Truehand Inc’s investment portfolio, making the stock its 9th largest position. Truehand Inc’s holdings in The Procter & Gamble were worth $3,288,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in The Procter & Gamble during the 2nd quarter worth approximately $35,000. FAI Wealth Management increased its position in shares of The Procter & Gamble by 203.0% in the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the last quarter. Estate Counselors LLC purchased a new stake in shares of The Procter & Gamble in the 2nd quarter valued at approximately $47,000. Barnett & Company Inc. increased its position in shares of The Procter & Gamble by 23.4% in the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares during the last quarter. Finally, Lountzis Asset Management LLC purchased a new stake in shares of The Procter & Gamble in the 2nd quarter valued at approximately $58,000. Institutional investors own 62.81% of the company’s stock.

In other news, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $130.22, for a total value of $3,906,600.00. Following the completion of the sale, the chief executive officer now owns 273,429 shares in the company, valued at approximately $35,605,924.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the completion of the sale, the vice president now owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last quarter, insiders have sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is owned by company insiders.

A number of equities research analysts have commented on PG shares. Berenberg Bank increased their price objective on shares of The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Morgan Stanley increased their price objective on shares of The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, SunTrust Banks increased their target price on shares of The Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $137.87.

NYSE:PG traded up $0.56 during trading hours on Friday, reaching $144.39. 6,807,859 shares of the company’s stock were exchanged, compared to its average volume of 8,382,961. The firm has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.45 and a beta of 0.43. The company has a 50-day moving average of $138.93 and a 200 day moving average of $125.52. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1-year low of $94.34 and a 1-year high of $145.87.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. The firm had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The Procter & Gamble’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. Research analysts forecast that The Procter & Gamble Company will post 5.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is currently 61.72%.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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