OLD National Bancorp IN trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,088 shares of the company’s stock after selling 11,531 shares during the quarter. OLD National Bancorp IN’s holdings in Procter & Gamble Company (The) were worth $8,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Iowa State Bank increased its position in Procter & Gamble Company (The) by 2.4% in the 1st quarter. Iowa State Bank now owns 54,170 shares of the company’s stock valued at $4,867,000 after acquiring an additional 1,250 shares during the period. Torch Wealth Management LLC increased its position in Procter & Gamble Company (The) by 0.6% in the 1st quarter. Torch Wealth Management LLC now owns 136,845 shares of the company’s stock valued at $12,296,000 after acquiring an additional 792 shares during the period. Cribstone Capital Management LLC increased its position in Procter & Gamble Company (The) by 58.8% in the 1st quarter. Cribstone Capital Management LLC now owns 13,339 shares of the company’s stock valued at $1,190,000 after acquiring an additional 4,939 shares during the period. Viking Fund Management LLC increased its position in Procter & Gamble Company (The) by 9.6% in the 1st quarter. Viking Fund Management LLC now owns 57,000 shares of the company’s stock valued at $5,122,000 after acquiring an additional 5,000 shares during the period. Finally, CWM LLC increased its position in Procter & Gamble Company (The) by 16.4% in the 1st quarter. CWM LLC now owns 10,823 shares of the company’s stock valued at $972,000 after acquiring an additional 1,523 shares during the period. Institutional investors and hedge funds own 59.30% of the company’s stock.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

COPYRIGHT VIOLATION NOTICE: “OLD National Bancorp IN Reduces Stake in Procter & Gamble Company (The) (PG)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/13/old-national-bancorp-in-reduces-stake-in-procter-gamble-company-the-pg.html.

Several research firms recently commented on PG. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and issued a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus restated a “hold” rating and issued a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.28.

In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the company’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 $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares in the company, valued at approximately $2,129,161.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock valued at $4,216,070 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

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)

Receive News & Stock Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related stocks with our FREE daily email newsletter.