The Procter & Gamble Company (NYSE:PG) Shares Sold by United Community Bank

United Community Bank cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,020 shares of the company’s stock after selling 445 shares during the quarter. United Community Bank’s holdings in Procter & Gamble were worth $977,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Advantage Trust Co acquired a new position in shares of Procter & Gamble in the 4th quarter worth $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.35 during trading hours on Wednesday, hitting $166.01. 837,159 shares of the company’s stock were exchanged, compared to its average volume of 6,496,115. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market capitalization of $391.81 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.18 and a beta of 0.41. The company’s 50-day moving average price is $165.97 and its 200-day moving average price is $159.85.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PG shares. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock worth $25,413,051 in the last three months. Insiders own 0.17% of the company’s stock.

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.