Rockland Trust Co. Sells 3,396 Shares of Procter & Gamble Co (NYSE:PG)

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Rockland Trust Co. reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,186 shares of the company’s stock after selling 3,396 shares during the period. Rockland Trust Co.’s holdings in Procter & Gamble were worth $12,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. D Orazio & Associates Inc. grew its holdings in shares of Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after purchasing an additional 98 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after acquiring an additional 12,038 shares in the last quarter. Homrich & Berg boosted its holdings in Procter & Gamble by 1.1% in the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares in the last quarter. Bellecapital International Ltd. boosted its holdings in Procter & Gamble by 19.0% in the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares in the last quarter. Finally, First National Bank of South Miami boosted its holdings in Procter & Gamble by 5.1% in the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Procter & Gamble stock traded down $0.51 on Friday, hitting $121.43. 140,984 shares of the stock traded hands, compared to its average volume of 6,660,306. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The firm has a market cap of $302.64 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42. The business’s fifty day simple moving average is $121.79 and its 200 day simple moving average is $112.57. Procter & Gamble Co has a 1 year low of $78.49 and a 1 year high of $125.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.06 by $0.04. The business had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, analysts predict that Procter & Gamble Co will post 4.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is presently 65.93%.

Several research firms recently weighed in on PG. SunTrust Banks lifted their price target on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. Finally, ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.95.

In other news, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the transaction, the insider now owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total value of $151,533.24. Following the completion of the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 448,674 shares of company stock valued at $53,197,461. 1.75% of the stock is owned by insiders.

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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