Teachers Retirement System of The State of Kentucky Sells 21,624 Shares of The Procter & Gamble Company (NYSE:PG)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,077 shares of the company's stock after selling 21,624 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Procter & Gamble were worth $47,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Acorn Creek Capital LLC raised its stake in shares of Procter & Gamble by 2.8% in the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company's stock valued at $376,000 after acquiring an additional 59 shares in the last quarter. Patrick M Sweeney & Associates Inc. raised its position in shares of Procter & Gamble by 1.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company's stock valued at $963,000 after purchasing an additional 59 shares during the period. Hudson Value Partners LLC lifted its stake in shares of Procter & Gamble by 4.1% in the second quarter. Hudson Value Partners LLC now owns 1,516 shares of the company's stock worth $250,000 after buying an additional 60 shares during the last quarter. Traveka Wealth LLC boosted its holdings in shares of Procter & Gamble by 1.7% during the 3rd quarter. Traveka Wealth LLC now owns 3,554 shares of the company's stock worth $616,000 after buying an additional 60 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its stake in Procter & Gamble by 0.7% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company's stock valued at $1,507,000 after buying an additional 61 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PG shares. Morgan Stanley upped their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price target for the company. Barclays lowered shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Finally, DA Davidson raised shares of Procter & Gamble from a "neutral" rating to a "buy" rating and increased their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.45.

Insider Activity

In related news, insider Susan Street Whaley sold 634 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 19,341 shares of the company's stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % 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 worth $14,629,038. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $1.65 during mid-day trading on Wednesday, reaching $170.63. 5,134,872 shares of the stock were exchanged, compared to its average volume of 6,700,162. The company has a market cap of $401.84 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $170.70 and a 200 day simple moving average of $169.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble's payout ratio is presently 69.48%.

Procter & Gamble Profile

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.