Trust Co. of Virginia VA Reduces Stock Holdings in Procter & Gamble Co (NYSE:PG)

Trust Co. of Virginia VA reduced its holdings in Procter & Gamble Co (NYSE:PG) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,321 shares of the company’s stock after selling 570 shares during the period. Procter & Gamble comprises 1.5% of Trust Co. of Virginia VA’s holdings, making the stock its 21st biggest position. Trust Co. of Virginia VA’s holdings in Procter & Gamble were worth $10,680,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Cadinha & Co. LLC boosted its holdings in shares of Procter & Gamble by 1.4% in the 2nd quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock valued at $670,000 after acquiring an additional 80 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock valued at $814,000 after acquiring an additional 81 shares during the last quarter. Allred Capital Management LLC boosted its holdings in Procter & Gamble by 0.5% during the first quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after buying an additional 83 shares in the last quarter. Jolley Asset Management LLC grew its position in Procter & Gamble by 4.2% during the first quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock valued at $232,000 after buying an additional 85 shares during the period. Finally, First Financial Corp IN grew its position in Procter & Gamble by 0.6% during the first quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock valued at $1,586,000 after buying an additional 86 shares during the period. 63.33% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Jon R. Moeller sold 130,626 shares of Procter & Gamble stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $116.37, for a total transaction of $15,200,947.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $115.47, for a total transaction of $3,464,100.00. The disclosure for this sale can be found here. Insiders sold 1,570,603 shares of company stock worth $179,504,390 over the last quarter. 1.75% of the stock is currently owned by company insiders.

Shares of PG opened at $131.12 on Friday. The business’s fifty day moving average price is $121.39 and its 200 day moving average price is $119.14. Procter & Gamble Co has a 12-month low of $94.34 and a 12-month high of $132.03. The stock has a market capitalization of $325.35 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.85 and a quick ratio of 0.66.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. Procter & Gamble had a return on equity of 29.38% and a net margin of 18.36%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. As a group, research analysts anticipate that Procter & Gamble Co will post 5.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, July 23rd. Procter & Gamble’s payout ratio is 61.72%.

Several research firms recently commented on PG. SunTrust Banks raised their price target on shares of Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Citigroup raised their price target on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $133.67.

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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