City Holding Co. Sells 1,934 Shares of The Procter & Gamble Company (NYSE:PG)

City Holding Co. trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,351 shares of the company's stock after selling 1,934 shares during the period. Procter & Gamble accounts for about 1.3% of City Holding Co.'s investment portfolio, making the stock its 14th biggest holding. City Holding Co.'s holdings in Procter & Gamble were worth $9,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. FMR LLC increased its position in Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company's stock valued at $4,599,554,000 after buying an additional 689,282 shares in the last quarter. Legal & General Group Plc raised its stake in Procter & Gamble by 0.6% during the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock valued at $3,567,556,000 after buying an additional 122,190 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock worth $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Procter & Gamble by 4.7% in the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company's stock worth $3,183,522,000 after acquiring an additional 830,476 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.64 during mid-day trading on Tuesday, hitting $161.77. 13,904,402 shares of the company traded hands, compared to its average volume of 7,422,382. The stock's fifty day moving average price is $169.09 and its 200-day moving average price is $169.44. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The firm has a market cap of $380.96 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 69.48%.

Wall Street Analyst Weigh In

PG has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Barclays reduced their target price on Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $179.65.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company's stock, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,447 shares of company stock valued at $12,978,820. Company insiders own 0.18% of the company's stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.