Pinney & Scofield Inc. Invests $335,000 in The Procter & Gamble Company (NYSE:PG)

Pinney & Scofield Inc. acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,998 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors have also modified their holdings of PG. NewSquare Capital LLC increased its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC acquired a new position in Procter & Gamble during the fourth quarter worth approximately $31,000. Hoey Investments Inc. increased its position in Procter & Gamble by 321.7% during the fourth 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. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Finally, 10Elms LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

PG has been the subject of several recent research reports. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Raymond James decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Eight investment 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. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.89 during midday trading on Thursday, hitting $168.25. The company's stock had a trading volume of 1,889,150 shares, compared to its average volume of 7,266,418. The firm has a market cap of $394.47 billion, a P/E ratio of 26.79, a P/E/G ratio of 3.76 and a beta of 0.41. The firm's fifty day moving average price is $164.15 and its 200-day moving average price is $167.35. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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 for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.51%. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,520 shares of company stock worth $7,909,388 in the last ninety days. 0.18% of the stock is owned by 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.