New Hampshire Trust Sells 110 Shares of The Procter & Gamble Company (NYSE:PG)

New Hampshire Trust lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,273 shares of the company’s stock after selling 110 shares during the quarter. Procter & Gamble accounts for approximately 1.4% of New Hampshire Trust’s investment portfolio, making the stock its 13th biggest holding. New Hampshire Trust’s holdings in Procter & Gamble were worth $5,504,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tevis Investment Management raised its position in Procter & Gamble by 0.5% in the first quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock worth $1,823,000 after acquiring an additional 64 shares during the period. Eagle Strategies LLC raised its position in Procter & Gamble by 1.9% in the first quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock worth $524,000 after acquiring an additional 65 shares during the period. WealthTrust Asset Management LLC raised its position in Procter & Gamble by 3.4% in the first quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock worth $296,000 after acquiring an additional 65 shares during the period. Exeter Financial LLC raised its position in Procter & Gamble by 0.4% in the first quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock worth $2,286,000 after acquiring an additional 66 shares during the period. Finally, Diligent Investors LLC raised its position in Procter & Gamble by 0.4% in the first quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock worth $2,391,000 after acquiring an additional 66 shares during the period. Institutional investors own 63.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair started coverage on shares of Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Bank of America raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $164.82.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the transaction, the chief accounting officer now directly owns 888 shares of the company’s stock, valued at approximately $138,758.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,094 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $154.00, for a total transaction of $1,554,476.00. Following the transaction, the chief executive officer now owns 36,896 shares in the company, valued at $5,681,984. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock valued at $16,523,793 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $154.05 on Tuesday. The stock has a market capitalization of $363.14 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The company has a fifty day moving average of $153.35 and a 200 day moving average of $150.37. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.63.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the company posted $1.21 EPS. The business’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a $0.9407 dividend. The ex-dividend date was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is currently 63.73%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.