Coastline Trust Co Sells 7,468 Shares of Procter & Gamble Company (The) (NYSE:PG)

Coastline Trust Co decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 30.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,196 shares of the company's stock after selling 7,468 shares during the quarter. Coastline Trust Co's holdings in Procter & Gamble were worth $2,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PG. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth approximately $31,000. Hoey Investments Inc. increased its stake in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction 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 owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent research reports. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on 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, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.37 during trading hours on Thursday, reaching $160.83. The stock had a trading volume of 3,921,319 shares, compared to its average volume of 7,461,658. The company has a market cap of $377.07 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 4.59 and a beta of 0.40. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The business's fifty day moving average is $162.08 and its two-hundred day moving average is $165.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the firm earned $1.52 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts expect that 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. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

About Procter & Gamble

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.