Sabal Trust CO trimmed its stake in Procter & Gamble Co (NYSE:PG) by 92.5% during the second quarter, HoldingsChannel.com reports. The fund owned 32,034 shares of the company’s stock after selling 395,559 shares during the quarter. Sabal Trust CO’s holdings in Procter & Gamble were worth $2,501,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Affiance Financial LLC boosted its stake in Procter & Gamble by 31.9% in the second quarter. Affiance Financial LLC now owns 4,033 shares of the company’s stock worth $315,000 after purchasing an additional 976 shares in the last quarter. Bristol Advisors LLC acquired a new position in Procter & Gamble in the second quarter worth $289,000. Regent Investment Management LLC boosted its stake in Procter & Gamble by 4.2% in the second quarter. Regent Investment Management LLC now owns 64,467 shares of the company’s stock worth $5,032,000 after purchasing an additional 2,611 shares in the last quarter. Capital One National Association boosted its stake in Procter & Gamble by 8.0% in the second quarter. Capital One National Association now owns 17,810 shares of the company’s stock worth $1,390,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in Procter & Gamble by 11.6% in the second quarter. Atria Investments LLC now owns 59,905 shares of the company’s stock worth $4,676,000 after purchasing an additional 6,219 shares in the last quarter. Hedge funds and other institutional investors own 58.49% of the company’s stock.

A number of research firms have commented on PG. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co reissued a “hold” rating and issued a $78.00 price objective on shares of Procter & Gamble in a research note on Thursday, August 16th. Deutsche Bank boosted their price objective on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, SunTrust Banks boosted their price objective on Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.09.

Shares of PG opened at $83.11 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.67. The firm has a market cap of $206.75 billion, a PE ratio of 19.43, a PEG ratio of 2.64 and a beta of 0.57.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.52 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Friday, July 20th were paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In related news, insider Kathleen B. Fish sold 26,946 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total value of $2,170,500.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. Insiders have sold 147,186 shares of company stock worth $12,080,849 in the last ninety days. 1.84% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

See Also: Hedge Funds Explained

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

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