BancorpSouth Bank Sells 1,543 Shares of Procter & Gamble Co (NYSE:PG)

BancorpSouth Bank trimmed its holdings in Procter & Gamble Co (NYSE:PG) by 15.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,647 shares of the company’s stock after selling 1,543 shares during the quarter. BancorpSouth Bank’s holdings in Procter & Gamble were worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. D Orazio & Associates Inc. raised its holdings in Procter & Gamble by 3.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after buying an additional 98 shares during the last quarter. NEXT Financial Group Inc raised its holdings in Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares during the last quarter. Homrich & Berg raised its holdings in Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares during the last quarter. Bellecapital International Ltd. raised its holdings in Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after buying an additional 1,025 shares during the last quarter. Finally, First National Bank of South Miami raised its holdings in Procter & Gamble by 5.1% during the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

A number of equities research analysts recently commented on PG shares. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. UBS Group upped their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Macquarie upped their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $116.71.

Shares of Procter & Gamble stock opened at $119.27 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $121.79 and its two-hundred day simple moving average is $115.23. The company has a market cap of $298.51 billion, a P/E ratio of 26.39, a PEG ratio of 3.25 and a beta of 0.42. Procter & Gamble Co has a 12-month low of $86.74 and a 12-month high of $125.77.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. Analysts predict that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s payout ratio is currently 65.93%.

In other news, insider Marc S. Pritchard sold 26,075 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the sale, the insider now directly owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 62,930 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total transaction of $7,550,341.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,645,966 shares of company stock worth $202,229,770. Insiders own 1.75% of the company’s stock.

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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