Hemenway Trust Co LLC Reduces Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Hemenway Trust Co LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,771 shares of the company’s stock after selling 331 shares during the quarter. Procter & Gamble comprises 3.0% of Hemenway Trust Co LLC’s portfolio, making the stock its 13th biggest holding. Hemenway Trust Co LLC’s holdings in Procter & Gamble were worth $35,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new position in Procter & Gamble during the 4th quarter valued at $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth $31,000. Ruedi Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $34,000. Finally, Vima LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth $35,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PG. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI boosted their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 over the last three months. 0.17% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.1 %

Procter & Gamble stock traded up $0.21 during trading on Friday, hitting $175.68. The company’s stock had a trading volume of 889,326 shares, compared to its average volume of 6,562,751. The stock’s fifty day moving average is $168.05 and its 200 day moving average is $164.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.04. The stock has a market capitalization of $414.63 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 3.72 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 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.