Pioneer Trust Bank N A OR Sells 70 Shares of The Procter & Gamble Company (NYSE:PG)

Pioneer Trust Bank N A OR cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,536 shares of the company’s stock after selling 70 shares during the quarter. Procter & Gamble makes up 2.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 16th largest position. Pioneer Trust Bank N A OR’s holdings in Procter & Gamble were worth $8,499,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Advantage Trust Co acquired a new stake in Procter & Gamble in the fourth quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Ruedi Wealth Management Inc. lifted its stake in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth approximately $33,000. Finally, POM Investment Strategies LLC bought a new stake in Procter & Gamble in the second quarter valued at approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,313 shares of company stock valued at $57,539,677. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.5 %

Shares of Procter & Gamble stock traded down $0.79 during trading on Tuesday, hitting $169.56. The company’s stock had a trading volume of 1,027,969 shares, compared to its average volume of 6,566,272. The stock has a market cap of $400.18 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89. The stock has a 50-day moving average price of $167.35 and a two-hundred day moving average price of $163.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays decreased their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. 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 note on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.95.

Procter & Gamble 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.