Stock Yards Bank & Trust Co. Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Stock Yards Bank & Trust Co. decreased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,046 shares of the company's stock after selling 5,301 shares during the quarter. Procter & Gamble accounts for about 1.1% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 27th biggest holding. Stock Yards Bank & Trust Co.'s holdings in Procter & Gamble were worth $34,994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble during the second quarter worth approximately $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $33,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth $34,000. Finally, Quest Partners LLC acquired a new position in shares of Procter & Gamble during the second quarter worth $36,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

PG has been the subject of several analyst reports. DA Davidson raised Procter & Gamble from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $160.00 to $209.00 in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Morgan Stanley upped their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $180.45.

Procter & Gamble Price Performance

NYSE:PG traded up $0.22 during trading hours on Thursday, hitting $170.85. The company's stock had a trading volume of 4,064,404 shares, compared to its average volume of 6,698,615. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The business's 50-day moving average is $170.68 and its two-hundred day moving average is $169.50. The company has a market capitalization of $402.36 billion, a PE ratio of 29.48, a PEG ratio of 3.68 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble's payout ratio is currently 69.31%.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 7,007 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares of the company's stock, valued at approximately $46,203,373.80. This represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,080 shares of company stock valued at $14,629,038. 0.18% of the stock is owned by insiders.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.