The Procter & Gamble Company (NYSE:PG) Stake Trimmed by Peoples Financial Services CORP.

Peoples Financial Services CORP. trimmed its position in The Procter & Gamble Company (NYSE:PG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,519 shares of the company’s stock after selling 642 shares during the quarter. Procter & Gamble makes up approximately 2.4% of Peoples Financial Services CORP.’s portfolio, making the stock its 8th largest position. Peoples Financial Services CORP.’s holdings in Procter & Gamble were worth $5,116,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Floyd Financial Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $793,000. R.H. Investment Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth about $4,325,000. Pines Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $2,493,000. SeaCrest Wealth Management LLC increased its holdings in shares of Procter & Gamble by 4.4% in the 4th quarter. SeaCrest Wealth Management LLC now owns 25,759 shares of the company’s stock valued at $4,319,000 after purchasing an additional 1,075 shares during the period. Finally, Accurate Wealth Management LLC lifted its position in shares of Procter & Gamble by 1.7% in the fourth quarter. Accurate Wealth Management LLC now owns 26,920 shares of the company’s stock worth $4,269,000 after purchasing an additional 455 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI increased their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $179.75.

Procter & Gamble Trading Up 0.0 %

Shares of NYSE:PG opened at $159.75 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock’s 50-day moving average is $169.40 and its 200-day moving average is $169.52. The company has a market cap of $376.22 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the previous year, the business posted $1.83 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.52%. Procter & Gamble’s dividend payout ratio is 69.31%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is currently owned by company 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.