Procter & Gamble Co (PG) Holdings Trimmed by Community Trust & Investment Co.

Community Trust & Investment Co. lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 10.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,635 shares of the company’s stock after selling 14,624 shares during the quarter. Community Trust & Investment Co.’s holdings in Procter & Gamble were worth $12,003,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PG. Cerebellum GP LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $122,000. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the third quarter worth about $125,000. Blume Capital Management Inc. lifted its position in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Finally, James Investment Research Inc. lifted its position in Procter & Gamble by 400.0% in the 4th quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock worth $138,000 after buying an additional 1,200 shares during the last quarter. 60.98% of the stock is owned by institutional investors and hedge funds.

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Shares of PG stock opened at $78.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a fifty-two week low of $75.81 and a fifty-two week high of $94.67. The company has a market capitalization of $199,285.36, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.48 and a beta of 0.57.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. equities analysts predict that Procter & Gamble Co will post 4.18 EPS for the current year.

A number of analysts recently weighed in on PG shares. Deutsche Bank started coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price for the company. Wells Fargo restated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. Jefferies Group restated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Goldman Sachs upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.07.

In related news, insider Deborah P. Majoras sold 4,591 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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