American Trust Decreases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

American Trust trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,004 shares of the company’s stock after selling 408 shares during the period. American Trust’s holdings in Procter & Gamble were worth $5,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Advantage Trust Co bought a new position in Procter & Gamble in the fourth quarter worth approximately $28,000. Naples Money Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Ruedi Wealth Management Inc. raised its position in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the sale, the chief executive officer now owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,320 shares of company stock worth $15,646,323. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on PG shares. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BNP Paribas initiated coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.95.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $4.39 on Friday, reaching $170.08. The company’s stock had a trading volume of 11,899,038 shares, compared to its average volume of 6,952,473. The company has a 50-day simple moving average of $166.28 and a 200 day simple moving average of $162.13. The company has a market cap of $401.41 billion, a P/E ratio of 27.79, a PEG ratio of 3.60 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.73. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.33%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

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.