Procter & Gamble Company (The) (NYSE:PG) is Stewart & Patten Co. LLC’s 5th Largest Position

Stewart & Patten Co. LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 264,947 shares of the company’s stock after selling 3,319 shares during the period. Procter & Gamble Company (The) comprises 4.4% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 5th largest position. Stewart & Patten Co. LLC’s holdings in Procter & Gamble Company (The) were worth $23,806,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Paradigm Financial Advisors LLC boosted its stake in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock worth $614,000 after buying an additional 25 shares during the period. American Economic Planning Group Inc. ADV raised its position in Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after buying an additional 33 shares in the last quarter. Highwater Wealth Management LLC raised its position in Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after buying an additional 39 shares in the last quarter. Harvest Capital Management Inc raised its position in Procter & Gamble Company (The) by 1.1% in the first quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock valued at $362,000 after buying an additional 45 shares in the last quarter. Finally, Sterling Global Strategies LLC raised its position in Procter & Gamble Company (The) by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,266 shares of the company’s stock valued at $947,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 59.81% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) opened at 87.55 on Tuesday. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.00. The firm has a 50-day moving average price of $87.86 and a 200 day moving average price of $88.03. The firm has a market cap of $223.92 billion, a P/E ratio of 16.10 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The business had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts forecast that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be given a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.15%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 50.55%.

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A number of brokerages have weighed in on PG. Vetr raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price for the company in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. UBS AG reiterated a “buy” rating and set a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Finally, J P Morgan Chase & Co assumed coverage on Procter & Gamble Company (The) in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 price target for the company. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.04.

In other news, insider Steven D. Bishop sold 2,668 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $87.34, for a total transaction of $233,023.12. Following the sale, the insider now directly owns 43,608 shares of the company’s stock, valued at $3,808,722.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total value of $5,378,934.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 199,891 shares of company stock valued at $17,276,637. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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