Bank of New Hampshire Sells 600 Shares of The Procter & Gamble Company (NYSE:PG)

Bank of New Hampshire lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.8% in the 1st quarter, HoldingsChannel reports. The fund owned 20,986 shares of the company’s stock after selling 600 shares during the period. Bank of New Hampshire’s holdings in Procter & Gamble were worth $3,576,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $31,000. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $164.01 on Friday. The company’s fifty day moving average price is $164.01 and its 200 day moving average price is $167.25. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a market capitalization of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. Procter & Gamble’s dividend payout ratio is 66.98%.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $178.86.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.