Baystate Wealth Management LLC Buys 593 Shares of The Procter & Gamble Company (NYSE:PG)

Baystate Wealth Management LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,228 shares of the company’s stock after buying an additional 593 shares during the quarter. Baystate Wealth Management LLC’s holdings in The Procter & Gamble were worth $1,978,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Capital Planning Advisors LLC increased its position in shares of The Procter & Gamble by 2.7% during the 2nd quarter. Capital Planning Advisors LLC now owns 2,973 shares of the company’s stock valued at $355,000 after purchasing an additional 77 shares during the last quarter. MPS Loria Financial Planners LLC increased its position in The Procter & Gamble by 2.6% during the third quarter. MPS Loria Financial Planners LLC now owns 3,133 shares of the company’s stock valued at $435,000 after acquiring an additional 79 shares during the last quarter. Cadinha & Co. LLC increased its position in The Procter & Gamble by 1.4% during the second quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock valued at $670,000 after acquiring an additional 80 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of The Procter & Gamble by 0.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,728 shares of the company’s stock valued at $2,000,000 after acquiring an additional 80 shares during the period. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of The Procter & Gamble by 1.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock worth $814,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

In related news, VP Valarie L. Sheppard sold 14,800 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the sale, the vice president now owns 39,929 shares of the company’s stock, valued at $5,190,770. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 4,688 shares of The Procter & Gamble stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the transaction, the vice president now owns 26,704 shares in the company, valued at approximately $3,692,629.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is owned by company insiders.

Several analysts have issued reports on PG shares. Morgan Stanley raised their price objective on shares of The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft raised their price target on The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Jefferies Financial Group upped their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, October 12th. SunTrust Banks lifted their target price on The Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Finally, Berenberg Bank boosted their target price on shares of The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The Procter & Gamble currently has a consensus rating of “Buy” and an average price target of $137.87.

NYSE:PG opened at $144.39 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The Procter & Gamble Company has a 1-year low of $94.34 and a 1-year high of $145.87. The company has a 50-day moving average of $138.93 and a 200 day moving average of $125.52. The firm has a market cap of $359.48 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $17.70 billion during the quarter, compared to analyst estimates of $16.97 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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