Bath Savings Trust Co Cuts Position in The Procter & Gamble Company (NYSE:PG)

Bath Savings Trust Co cut its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,938 shares of the company's stock after selling 2,036 shares during the quarter. Bath Savings Trust Co's holdings in Procter & Gamble were worth $6,977,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Exeter Financial LLC boosted its position in shares of Procter & Gamble by 2.3% in the first quarter. Exeter Financial LLC now owns 17,270 shares of the company's stock worth $2,943,000 after purchasing an additional 390 shares during the period. Quent Capital LLC lifted its holdings in shares of Procter & Gamble by 2.1% in the 1st quarter. Quent Capital LLC now owns 13,166 shares of the company's stock valued at $2,244,000 after acquiring an additional 273 shares during the last quarter. Agate Pass Investment Management LLC increased its stake in Procter & Gamble by 13.4% during the first quarter. Agate Pass Investment Management LLC now owns 17,765 shares of the company's stock worth $3,027,000 after acquiring an additional 2,101 shares during the last quarter. Legacy Private Trust Co. raised its position in Procter & Gamble by 25.5% during the first quarter. Legacy Private Trust Co. now owns 18,577 shares of the company's stock valued at $3,166,000 after purchasing an additional 3,776 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Procter & Gamble by 92.1% in the 1st quarter. Versant Capital Management Inc now owns 6,617 shares of the company's stock worth $1,128,000 after purchasing an additional 3,173 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

NYSE PG traded up $1.36 on Friday, hitting $169.92. 12,584,837 shares of the company's stock traded hands, compared to its average volume of 7,308,668. The firm has a market capitalization of $398.38 billion, a PE ratio of 27.06, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm's 50-day moving average price is $164.35 and its two-hundred day moving average price is $167.39. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.91 EPS 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 issued a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble's dividend payout ratio is presently 66.98%.

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.