The Procter & Gamble Company (NYSE:PG) is Peoples Financial Services CORP.’s 6th Largest Position

Peoples Financial Services CORP. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,110 shares of the company’s stock after selling 771 shares during the quarter. Procter & Gamble makes up about 2.7% of Peoples Financial Services CORP.’s portfolio, making the stock its 6th biggest holding. Peoples Financial Services CORP.’s holdings in Procter & Gamble were worth $6,086,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PG. Tevis Investment Management grew its stake in Procter & Gamble by 0.5% during the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock worth $1,823,000 after purchasing an additional 64 shares in the last quarter. Eagle Strategies LLC grew its position in shares of Procter & Gamble by 1.9% during the first quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock worth $524,000 after buying an additional 65 shares in the last quarter. WealthTrust Asset Management LLC increased its stake in shares of Procter & Gamble by 3.4% during the first quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock worth $296,000 after buying an additional 65 shares during the period. Exeter Financial LLC raised its holdings in Procter & Gamble by 0.4% in the first quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after acquiring an additional 66 shares in the last quarter. Finally, Diligent Investors LLC grew its holdings in Procter & Gamble by 0.4% during the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock worth $2,391,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the sale, the chief accounting officer now 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 available through the SEC website. In related news, insider Susan Street Whaley sold 884 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $154.49, for a total transaction of $136,569.16. Following the sale, the insider now owns 8,073 shares of the company’s stock, valued at $1,247,197.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was 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 owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. Insiders have sold a total of 106,607 shares of company stock worth $16,523,793 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PG shares. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus increased their price objective on Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. Morgan Stanley restated an “overweight” rating and set a $174.00 target price on shares of Procter & Gamble in a research note on Tuesday, August 1st. Finally, Barclays increased their price target on shares of Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.82.

Procter & Gamble Stock Performance

Shares of PG stock opened at $154.05 on Tuesday. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.38. The stock’s 50-day moving average price is $153.35 and its 200 day moving average price is $150.37. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $363.14 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The business had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Announces Dividend

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

Procter & Gamble Profile

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.