Plimoth Trust Co. LLC Sells 1,190 Shares of The Procter & Gamble Company (NYSE:PG)

Plimoth Trust Co. LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,358 shares of the company’s stock after selling 1,190 shares during the period. Procter & Gamble comprises 1.6% of Plimoth Trust Co. LLC’s portfolio, making the stock its 15th biggest position. Plimoth Trust Co. LLC’s holdings in Procter & Gamble were worth $6,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Advantage Trust Co bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $33,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PG shares. BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Performance

PG opened at $163.93 on Wednesday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market cap of $386.90 billion, a P/E ratio of 26.79, a P/E/G ratio of 3.35 and a beta of 0.41. The firm has a fifty day moving average price of $165.65 and a 200 day moving average price of $159.01.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock worth $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

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.