The Procter & Gamble Company (NYSE:PG) Shares Acquired by Bank of New Hampshire

Bank of New Hampshire lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,281 shares of the company’s stock after buying an additional 225 shares during the period. Procter & Gamble makes up approximately 0.9% of Bank of New Hampshire’s investment portfolio, making the stock its 29th biggest holding. Bank of New Hampshire’s holdings in Procter & Gamble were worth $3,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $33,000. Mendota Financial Group LLC lifted its position in Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. Finally, Morton Brown Family Wealth LLC lifted its position in Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after purchasing an additional 281 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $151,788. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $151,788. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 100,865 shares of company stock valued at $16,029,280 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. UBS Group upped their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Stock Down 0.6 %

PG stock traded down $1.00 during midday trading on Friday, hitting $161.55. The company’s stock had a trading volume of 1,935,549 shares, compared to its average volume of 6,910,259. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32. The firm has a market capitalization of $381.28 billion, a P/E ratio of 26.30, a PEG ratio of 3.30 and a beta of 0.44. The firm has a 50-day simple moving average of $159.57 and a 200-day simple moving average of $153.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 earnings per share. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is presently 65.85%.

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.