Penobscot Investment Management Company Inc. reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 75,593 shares of the company’s stock after selling 514 shares during the quarter. Procter & Gamble accounts for about 1.7% of Penobscot Investment Management Company Inc.’s holdings, making the stock its 11th biggest position. Penobscot Investment Management Company Inc.’s holdings in Procter & Gamble were worth $8,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC boosted its holdings in Procter & Gamble by 59.2% in the second quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $36,000. Smart Portfolios LLC boosted its holdings in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Procter & Gamble by 71.5% in the second quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after acquiring an additional 193 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $62,000. Institutional investors own 62.57% of the company’s stock.

PG traded up $0.03 during trading on Wednesday, hitting $118.93. The company’s stock had a trading volume of 646,793 shares, compared to its average volume of 9,110,868. Procter & Gamble Co has a twelve month low of $78.49 and a twelve month high of $121.76. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $115.63 and its 200-day moving average price is $106.96. The firm has a market capitalization of $298.22 billion, a P/E ratio of 26.31, a PEG ratio of 3.45 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In other news, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $106.83, for a total value of $2,136,600.00. Following the transaction, the chairman now directly owns 246,837 shares in the company, valued at $26,369,596.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,747 shares of company stock worth $29,661,946. Insiders own 1.84% of the company’s stock.

Several brokerages recently commented on PG. Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a report on Tuesday, July 30th. Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. UBS Group set a $122.00 target price on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Credit Suisse Group upped their target price on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 target price (up from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $108.15.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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