Park National Corp OH Sells 12,662 Shares of The Procter & Gamble Company (NYSE:PG)

Park National Corp OH reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,737 shares of the company's stock after selling 12,662 shares during the period. Procter & Gamble accounts for approximately 1.6% of Park National Corp OH's portfolio, making the stock its 13th biggest holding. Park National Corp OH's holdings in Procter & Gamble were worth $42,219,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PG. Waller Financial Planning Group Inc. raised its holdings in Procter & Gamble by 0.6% in the 1st quarter. Waller Financial Planning Group Inc. now owns 11,687 shares of the company's stock worth $1,992,000 after acquiring an additional 73 shares during the period. Marotta Asset Management raised its holdings in Procter & Gamble by 13.1% in the 1st quarter. Marotta Asset Management now owns 1,680 shares of the company's stock worth $291,000 after acquiring an additional 194 shares during the period. Rempart Asset Management Inc. increased its stake in shares of Procter & Gamble by 4.8% in the first quarter. Rempart Asset Management Inc. now owns 2,188 shares of the company's stock worth $373,000 after purchasing an additional 100 shares during the period. Centre Asset Management LLC bought a new position in shares of Procter & Gamble in the first quarter worth about $3,161,000. Finally, Trust Co of the South increased its stake in shares of Procter & Gamble by 4.4% in the first quarter. Trust Co of the South now owns 7,576 shares of the company's stock worth $1,291,000 after purchasing an additional 320 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PG shares. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Finally, Raymond James dropped their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given 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 a consensus price target of $178.52.

Procter & Gamble Price Performance

NYSE:PG traded up $1.36 during trading hours on Friday, reaching $169.92. The company had a trading volume of 12,584,837 shares, compared to its average volume of 7,320,778. The stock has a 50-day moving average of $164.35 and a two-hundred day moving average of $167.39. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The firm has a market capitalization of $398.38 billion, a PE ratio of 27.06, a PEG ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble's dividend payout ratio is 66.98%.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Company Profile

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.