Arden Trust Co Has $4.63 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)

Arden Trust Co lessened its holdings in Procter & Gamble Co (NYSE:PG) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,261 shares of the company’s stock after selling 402 shares during the period. Procter & Gamble makes up 0.8% of Arden Trust Co’s portfolio, making the stock its 24th biggest position. Arden Trust Co’s holdings in Procter & Gamble were worth $4,634,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. D Orazio & Associates Inc. raised its position in Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after purchasing an additional 98 shares in the last quarter. NEXT Financial Group Inc raised its position in Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after purchasing an additional 12,038 shares in the last quarter. Homrich & Berg raised its position in Procter & Gamble by 1.1% in the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after purchasing an additional 1,291 shares in the last quarter. Bellecapital International Ltd. raised its position in Procter & Gamble by 19.0% in the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after purchasing an additional 1,025 shares in the last quarter. Finally, First National Bank of South Miami raised its position in Procter & Gamble by 5.1% in the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock worth $823,000 after purchasing an additional 340 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mary Theresa Grabowski sold 5,200 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total transaction of $619,320.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Insiders have sold 448,674 shares of company stock worth $53,197,461 over the last three months. 1.75% of the stock is owned by insiders.

Shares of PG traded up $0.87 during mid-day trading on Wednesday, hitting $121.80. 1,534,612 shares of the company traded hands, compared to its average volume of 7,865,646. Procter & Gamble Co has a one year low of $78.49 and a one year high of $125.36. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $121.71 and a 200 day moving average of $112.38. The stock has a market capitalization of $310.33 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. Procter & Gamble’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.

Several research firms recently issued reports on PG. Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research report on Tuesday, July 30th. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Credit Suisse Group upped their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group set a $122.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Procter & Gamble from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $108.95.

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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