Trustmark National Bank Trust Department decreased its stake in Procter & Gamble Co (NYSE:PG) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,697 shares of the company’s stock after selling 7,633 shares during the quarter. Procter & Gamble makes up about 0.9% of Trustmark National Bank Trust Department’s holdings, making the stock its 24th biggest position. Trustmark National Bank Trust Department’s holdings in Procter & Gamble were worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its holdings in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Procter & Gamble by 30.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares in the last quarter. Institutional investors own 59.85% of the company’s stock.

Procter & Gamble Co (NYSE:PG) opened at $81.50 on Wednesday. Procter & Gamble Co has a 12 month low of $78.59 and a 12 month high of $94.67. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a market cap of $205,033.17, a price-to-earnings ratio of 21.79, a P/E/G ratio of 2.54 and a beta of 0.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the business posted $1.08 EPS. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. equities analysts anticipate that Procter & Gamble Co will post 4.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.38%. Procter & Gamble’s dividend payout ratio is 73.80%.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a report on Monday, December 18th. Wells Fargo & Co restated a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a report on Sunday, December 17th. Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target on the stock. Finally, Goldman Sachs Group upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $88.38.

In other Procter & Gamble news, insider Ioannis Skoufalos sold 2,880 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $88.75, for a total value of $255,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Insiders sold a total of 70,681 shares of company stock worth $6,266,735 over the last 90 days. Company insiders own 0.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Procter & Gamble Co (PG) Shares Sold by Trustmark National Bank Trust Department” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://theolympiareport.com/2018/02/14/procter-gamble-co-pg-shares-sold-by-trustmark-national-bank-trust-department.html.

About Procter & Gamble

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.