Dubuque Bank & Trust Co. Cuts Stake in Procter & Gamble Co (NYSE:PG)

Dubuque Bank & Trust Co. lowered its position in Procter & Gamble Co (NYSE:PG) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,609 shares of the company’s stock after selling 2,077 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Procter & Gamble were worth $4,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ascent Wealth Partners LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $355,000. Korea Investment CORP raised its holdings in Procter & Gamble by 6.5% during the 4th quarter. Korea Investment CORP now owns 1,942,819 shares of the company’s stock worth $178,584,000 after purchasing an additional 118,900 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Procter & Gamble by 5.7% during the 4th quarter. Commonwealth Bank of Australia now owns 353,908 shares of the company’s stock worth $32,526,000 after purchasing an additional 18,995 shares during the last quarter. INR Advisory Services LLC raised its holdings in Procter & Gamble by 1,222.1% during the 4th quarter. INR Advisory Services LLC now owns 899 shares of the company’s stock worth $83,000 after purchasing an additional 831 shares during the last quarter. Finally, Duality Advisers LP bought a new position in Procter & Gamble during the 4th quarter worth approximately $6,269,000. 65.62% of the stock is owned by institutional investors and hedge funds.

NYSE PG traded down $0.04 during mid-day trading on Thursday, hitting $121.94. The company’s stock had a trading volume of 3,723,671 shares, compared to its average volume of 6,829,702. The company’s 50 day simple moving average is $121.75 and its 200 day simple moving average is $112.47. Procter & Gamble Co has a twelve month low of $78.49 and a twelve month 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 firm has a market capitalization of $307.42 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.57 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter last year, the firm posted $0.94 EPS. Procter & Gamble’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that Procter & Gamble Co will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is 65.93%.

Several analysts have recently weighed in on PG shares. SunTrust Banks lifted their price objective on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Credit Suisse Group lifted their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.95.

In other Procter & Gamble news, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction on Wednesday, July 31st. The stock was 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 a total of 448,674 shares of company stock worth $53,197,461 over the last ninety days. Insiders own 1.75% of the company’s stock.

Procter & Gamble Company 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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