Bar Harbor Trust Services increased its stake in The Procter & Gamble Company (NYSE:PG – Get a rating) by 12.5% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 17,620 shares of the company after purchasing an additional 1,961 shares during the quarter. Bar Harbor Trust Services’ holdings in Procter & Gamble were worth $2,693,000 when it last filed with the Securities and Exchange Commission.
A number of other large investors have also recently increased or reduced their stakes in PG. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $3,726,603,000. GQG Partners LLC acquired a new equity stake in Procter & Gamble during the fourth quarter valued at approximately $1,231,791,000. UBS Asset Management Americas Inc. increased its position in Procter & Gamble shares by 33.7% during the third quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company worth $1,922,090,000 after purchasing an additional 3,467,039 shares during the period. BlackRock Inc. raised its position in Procter & Gamble shares by 1.2% during the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company worth $25,651,517,000 after purchasing an additional 1,785,863 shares during the period. Finally, State Street Corp increased its position in Procter & Gamble shares by 1.7% during the fourth quarter. State Street Corp now owns 105,458,164 shares of the company worth $17,250,846,000 after purchasing an additional 1,716,517 shares during the period. 63.64% of the shares are currently held by hedge funds and other institutional investors.
In other news from Procter & Gamble, CEO Mom. Fatima Francisco sold 18,000 shares in a trade on Thursday, April 21. The stock was sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the sale, the CEO now owns 7,020 shares of the company, valued at $1,151,982. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, CAO Matthew W. Janzaruk sold 334 shares of the company in a trade dated Tuesday, April 26. The shares were sold at an average price of $162.43, for a total value of $54,251.62. As a result of the sale, the accounting chief now owns 1,220 shares of the company, valued at around $198,164.60. Disclosure of this sale can be found here. Insiders sold a total of 108,415 shares of the company valued at $17,777,055 in the past ninety days. Insiders own 0.51% of the shares of the company.
A number of research companies have recently commented on PG. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $181.00 to $165.00 in a research report from the Wednesday March 30. Credit Suisse Group raised its price target on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a Thursday, April 21 research report. Goldman Sachs Group lowered its price target on Procter & Gamble from $179.00 to $173.00 in a Tuesday, March 29 research report. Jefferies Financial Group raised its price target on Procter & Gamble from $179.00 to $185.00 in a Thursday, April 21 report. Finally, Wells Fargo & Company cut its price target on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a Wednesday, June 1 report. Five equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $165.64.
NYSE:PG opened at $144.35 on Monday. The stock has a market capitalization of $346.34 billion, a P/E ratio of 25.19, a PEG ratio of 4.08 and a beta of 0.40. The stock has a 50-day simple moving average of $149.07 and a 200-day simple moving average of $154.34. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt ratio of 0.53. Procter & Gamble has a 1-year low of $129.50 and a 1-year high of $165.35.
Procter & Gamble (NYSE:PG – Get a rating) last released its quarterly results on Wednesday, April 20. The company reported earnings per share of $1.33 for the quarter, beating the consensus estimate of $1.28 by $0.05. The company posted revenue of $19.38 billion in the quarter, compared to $18.69 billion expected by analysts. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company’s revenue for the quarter increased 7.0% compared to the same quarter last year. During the same period last year, the company posted EPS of $1.26. As a group, sell-side analysts expect The Procter & Gamble Company to post 5.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16. Shareholders of record on Friday, April 22 received a dividend of $0.9133. The ex-dividend date was Thursday, April 21. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. This represents an annualized dividend of $3.65 and a yield of 2.53%. Procter & Gamble’s payout ratio is currently 63.70%.
Procter & Gamble Company Profile (Get a rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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