iAB Financial Bank cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,248 shares of the company’s stock after selling 311 shares during the period. Procter & Gamble Company (The) comprises about 1.5% of iAB Financial Bank’s investment portfolio, making the stock its 16th largest position. iAB Financial Bank’s holdings in Procter & Gamble Company (The) were worth $2,897,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PG. Paradigm Financial Advisors LLC raised its position in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV raised its stake in Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock worth $973,000 after buying an additional 33 shares during the period. Highwater Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock worth $293,000 after buying an additional 39 shares during the period. Harvest Capital Management Inc increased its stake in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock worth $362,000 after buying an additional 45 shares in the last quarter. Finally, Granite Investment Advisors LLC increased its stake in shares of Procter & Gamble Company (The) by 0.7% in the first quarter. Granite Investment Advisors LLC now owns 7,321 shares of the company’s stock worth $658,000 after buying an additional 51 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Shares of Procter & Gamble Company (PG) traded up 0.43% during mid-day trading on Friday, reaching $92.47. 6,815,008 shares of the company were exchanged. The company’s 50-day moving average is $89.57 and its 200 day moving average is $89.11. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.95. The firm has a market capitalization of $235.80 billion, a price-to-earnings ratio of 16.53 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 2.98%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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A number of brokerages have commented on PG. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective on the stock in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Procter & Gamble Company (The) has an average rating of “Hold” and an average price target of $87.48.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now owns 134,884 shares in the company, valued at $12,414,723.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Patrice Louvet sold 49,226 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $86.46, for a total transaction of $4,256,079.96. Following the sale, the insider now owns 93,656 shares of the company’s stock, valued at approximately $8,097,497.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,032 shares of company stock valued at $11,130,014. 0.35% of the stock is owned by insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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