Hemenway Trust Co LLC Buys 2,814 Shares of The Procter & Gamble Company (NYSE:PG)

Hemenway Trust Co LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,102 shares of the company’s stock after acquiring an additional 2,814 shares during the period. Procter & Gamble comprises about 3.0% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 15th largest position. Hemenway Trust Co LLC’s holdings in Procter & Gamble were worth $34,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PG. Hemington Wealth Management boosted its stake in Procter & Gamble by 2.9% in the first quarter. Hemington Wealth Management now owns 2,838 shares of the company’s stock worth $461,000 after purchasing an additional 81 shares in the last quarter. Howland Capital Management LLC lifted its stake in shares of Procter & Gamble by 2.1% during the first quarter. Howland Capital Management LLC now owns 109,473 shares of the company’s stock valued at $17,762,000 after acquiring an additional 2,209 shares during the period. Keener Financial Planning LLC lifted its stake in shares of Procter & Gamble by 12.0% during the first quarter. Keener Financial Planning LLC now owns 661 shares of the company’s stock valued at $108,000 after acquiring an additional 71 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Procter & Gamble by 2.0% during the first quarter. DAVENPORT & Co LLC now owns 152,378 shares of the company’s stock valued at $24,723,000 after acquiring an additional 2,996 shares during the period. Finally, Commonwealth Retirement Investments LLC lifted its stake in shares of Procter & Gamble by 1.9% during the first quarter. Commonwealth Retirement Investments LLC now owns 27,099 shares of the company’s stock valued at $4,397,000 after acquiring an additional 496 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG traded down $1.28 during mid-day trading on Thursday, reaching $165.52. The company’s stock had a trading volume of 5,831,456 shares, compared to its average volume of 6,522,896. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The stock has a market cap of $390.65 billion, a P/E ratio of 27.05, a PEG ratio of 3.18 and a beta of 0.41. The business has a 50-day simple moving average of $166.07 and a two-hundred day simple moving average of $159.94. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock worth $25,413,051 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PG. Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Citigroup upped their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. BNP Paribas initiated coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. Finally, Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.74.

Procter & Gamble Company 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.