WoodTrust Financial Corp Decreases Stock Position in Procter & Gamble Co (NYSE:PG)

WoodTrust Financial Corp trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,376 shares of the company’s stock after selling 300 shares during the quarter. WoodTrust Financial Corp’s holdings in Procter & Gamble were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of PG. New England Investment & Retirement Group Inc. purchased a new position in Procter & Gamble during the 1st quarter valued at about $28,000. Magellan Asset Management Ltd bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $29,000. Costello Asset Management INC purchased a new position in shares of Procter & Gamble during the second quarter valued at approximately $35,000. Efficient Wealth Management LLC bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $39,000. Finally, Barnett & Company Inc. raised its holdings in shares of Procter & Gamble by 23.4% during the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 63.33% of the company’s stock.

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

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 18.36% and a return on equity of 29.38%. Procter & Gamble’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. On average, equities research analysts predict that Procter & Gamble Co will post 5.3 EPS for the current year.

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

In other Procter & Gamble news, Director Nelson Peltz sold 404,714 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the transaction, the director now owns 3,891 shares of the company’s stock, valued at approximately $439,721.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jon R. Moeller sold 130,626 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 1,570,603 shares of company stock worth $179,504,390 over the last ninety days. 1.75% of the stock is currently owned by insiders.

A number of brokerages have issued reports on PG. Bank of America reissued a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research report on Saturday, April 18th. Citigroup boosted 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. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Deutsche Bank upped their target price on Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, SunTrust Banks increased their target price on Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $133.67.

About Procter & Gamble

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.

See Also: Capital Gains

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

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