Bank of New Hampshire Trims Position in The Procter & Gamble Company (NYSE:PG)

Bank of New Hampshire cut its position in The Procter & Gamble Company (NYSE:PG) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,986 shares of the company’s stock after selling 600 shares during the period. Bank of New Hampshire’s holdings in Procter & Gamble were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. RDA Financial Network grew its stake in Procter & Gamble by 12.8% during the first quarter. RDA Financial Network now owns 1,865 shares of the company’s stock valued at $318,000 after acquiring an additional 211 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Procter & Gamble by 3.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 7,734 shares of the company’s stock valued at $1,263,000 after acquiring an additional 275 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Procter & Gamble by 6.1% during the first quarter. Revolve Wealth Partners LLC now owns 6,547 shares of the company’s stock valued at $1,116,000 after acquiring an additional 377 shares in the last quarter. Perennial Advisors LLC purchased a new position in Procter & Gamble during the first quarter valued at $351,000. Finally, LexAurum Advisors LLC grew its stake in Procter & Gamble by 4.7% during the first quarter. LexAurum Advisors LLC now owns 6,770 shares of the company’s stock valued at $1,154,000 after acquiring an additional 305 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

PG stock opened at $164.01 on Friday. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $164.01 and a 200 day moving average price of $167.25. The stock has a market cap of $384.53 billion, a PE ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released 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. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.58%. 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. Procter & Gamble’s payout ratio is 66.98%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America cut their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Evercore ISI reissued an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s 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 owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction 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 business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now 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. Company insiders own 0.18% of the company’s stock.

Procter & Gamble 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.