Community Bank of Raymore reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 35,115 shares of the company’s stock after selling 674 shares during the period. Procter & Gamble Company (The) comprises about 1.3% of Community Bank of Raymore’s portfolio, making the stock its 18th largest position. Community Bank of Raymore’s holdings in Procter & Gamble Company (The) were worth $3,060,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glassman Wealth Services raised its position in Procter & Gamble Company (The) by 32.5% in the fourth quarter. Glassman Wealth Services now owns 7,983 shares of the company’s stock valued at $671,000 after buying an additional 1,960 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in Procter & Gamble Company (The) during the fourth quarter valued at approximately $2,900,000. Intellectus Partners LLC bought a new position in Procter & Gamble Company (The) during the fourth quarter valued at approximately $215,000. Zions Bancorporation raised its position in Procter & Gamble Company (The) by 2.6% in the fourth quarter. Zions Bancorporation now owns 31,553 shares of the company’s stock valued at $2,653,000 after buying an additional 810 shares in the last quarter. Finally, Girard Securities Inc. raised its position in Procter & Gamble Company (The) by 12.5% in the fourth quarter. Girard Securities Inc. now owns 9,322 shares of the company’s stock valued at $784,000 after buying an additional 1,038 shares in the last quarter. Institutional investors own 59.69% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up 0.40% during mid-day trading on Tuesday, hitting $91.81. 1,829,395 shares of the stock traded hands. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00. The stock has a 50-day moving average price of $88.56 and a 200-day moving average price of $88.68. The stock has a market cap of $234.42 billion, a P/E ratio of 16.41 and a beta of 0.68. Procter & Gamble Company (The) also was the recipient of unusually large options trading activity on Monday. Traders acquired 35,861 call options on the company. This is an increase of approximately 509% compared to the typical volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The firm had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter last year, the company posted $0.79 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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Several research analysts recently commented on the company. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 price target (up previously from $101.00) on shares of Procter & Gamble Company (The) in a research report on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.21.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 62,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total value of $5,378,934.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders sold a total of 203,898 shares of company stock valued at $17,666,387 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

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.

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

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