Penobscot Investment Management Company Inc. Trims Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Penobscot Investment Management Company Inc. reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,689 shares of the company's stock after selling 2,331 shares during the quarter. Procter & Gamble makes up about 1.2% of Penobscot Investment Management Company Inc.'s holdings, making the stock its 22nd biggest holding. Penobscot Investment Management Company Inc.'s holdings in Procter & Gamble were worth $12,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. boosted its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred 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 now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was 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.

Procter & Gamble Price Performance

NYSE PG opened at $158.73 on Friday. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The firm has a market capitalization of $372.14 billion, a P/E ratio of 25.19, a PEG ratio of 4.69 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $162.65 and a 200-day moving average price of $165.74.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.66%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 67.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PG. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $178.45.

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.

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