Clean Yield Group Sells 533 Shares of The Procter & Gamble Company (NYSE:PG)

Clean Yield Group reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,565 shares of the company’s stock after selling 533 shares during the period. Clean Yield Group’s holdings in Procter & Gamble were worth $3,164,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. LexAurum Advisors LLC raised its holdings in Procter & Gamble by 4.7% in the 1st quarter. LexAurum Advisors LLC now owns 6,770 shares of the company’s stock worth $1,154,000 after acquiring an additional 305 shares during the last quarter. Reliant Investment Management LLC raised its holdings in Procter & Gamble by 69.4% in the 1st quarter. Reliant Investment Management LLC now owns 11,713 shares of the company’s stock worth $1,996,000 after acquiring an additional 4,800 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in Procter & Gamble by 0.7% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 11,612 shares of the company’s stock worth $1,979,000 after acquiring an additional 86 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in Procter & Gamble by 10.9% in the 1st quarter. Gateway Investment Advisers LLC now owns 623,235 shares of the company’s stock worth $106,212,000 after acquiring an additional 61,480 shares during the last quarter. Finally, Stokes Capital Advisors LLC raised its holdings in Procter & Gamble by 3.5% in the 1st quarter. Stokes Capital Advisors LLC now owns 47,036 shares of the company’s stock worth $8,016,000 after acquiring an additional 1,606 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Bank of America decreased their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Raymond James decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $164.01 on Friday. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The firm’s fifty day moving average is $164.01 and its 200 day moving average is $167.25. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business 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. This represents a $4.23 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 66.98%.

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.