The Procter & Gamble Company (NYSE:PG) is Town & Country Bank & Trust CO dba First Bankers Trust CO’s 8th Largest Position

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in The Procter & Gamble Company (NYSE:PG) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,843 shares of the company’s stock after selling 1,107 shares during the quarter. Procter & Gamble makes up 2.4% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 8th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Procter & Gamble were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in Procter & Gamble by 1.4% in the 1st quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock valued at $24,064,473,000 after purchasing an additional 2,157,319 shares during the period. Geode Capital Management LLC grew its stake in Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after purchasing an additional 510,559 shares during the period. Morgan Stanley grew its stake in Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP grew its stake in Procter & Gamble by 1.6% in the 1st quarter. Wellington Management Group LLP now owns 33,776,598 shares of the company’s stock valued at $5,022,242,000 after purchasing an additional 547,738 shares during the period. 63.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Saturday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.82.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 19,822 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $152.85, for a total value of $3,029,792.70. Following the completion of the sale, the chief executive officer now owns 250,145 shares in the company, valued at $38,234,663.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,607 shares of company stock valued at $16,523,793. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $154.05 on Tuesday. The business’s 50-day moving average price is $153.35 and its two-hundred day moving average price is $150.37. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38. The stock has a market cap of $363.14 billion, a P/E ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.60 billion for the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. As a group, equities analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is 63.73%.

About Procter & Gamble

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.