Trade Report: Today: Rockland Trust Co. reached $7,183,000 position of Procter & Gamble Co. (PG)

Today: Rockland Trust Co. reached $7,183,000 position  of Procter & Gamble Co. (PG)

Rockland Trust Co. lowered its stake in Procter & Gamble Co. (NYSE:PG) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,834 shares of the company’s stock after selling 1,171 shares during the period. Rockland Trust Co.’s holdings in Procter & Gamble Co. were worth $7,183,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PG. Americafirst Capital Management LLC acquired a new stake in Procter & Gamble Co. during the second quarter worth $112,000. Lenox Wealth Advisors Inc. increased its stake in Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock worth $156,000 after buying an additional 10 shares during the last quarter. Catamount Wealth Management increased its stake in Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock worth $194,000 after buying an additional 1,152 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in Procter & Gamble Co. by 9.0% in the second quarter. Arcadia Investment Management Corp MI now owns 2,426 shares of the company’s stock worth $205,000 after buying an additional 201 shares during the last quarter. Finally, Wealthsource Partners LLC acquired a new stake in Procter & Gamble Co. during the first quarter worth $200,000. Hedge funds and other institutional investors own 58.86% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.22% during trading on Friday, hitting $88.43. 7,368,968 shares of the stock traded hands. The company has a 50 day moving average price of $88.27 and a 200 day moving average price of $84.73. The firm has a market cap of $236.00 billion, a price-to-earnings ratio of 23.94 and a beta of 0.54. Procter & Gamble Co. has a 12 month low of $73.50 and a 12 month high of $90.33.

Procter & Gamble Co. (NYSE:PG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. Analysts anticipate that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Friday, October 21st will be given a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is presently 72.63%.

PG has been the subject of several research analyst reports. Goldman Sachs Group Inc. restated a “neutral” rating and set a $88.00 price objective (up from $81.00) on shares of Procter & Gamble Co. in a research report on Friday, July 15th. Vetr upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 price objective for the company in a research report on Tuesday, October 4th. Argus upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $88.54 to $103.00 in a research report on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective on shares of Procter & Gamble Co. in a research report on Saturday, August 13th. Finally, B. Riley restated a “neutral” rating and set a $74.00 price objective on shares of Procter & Gamble Co. in a research report on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $90.21.

In related news, insider Juan Fernando Posada sold 3,501 shares of Procter & Gamble Co. stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total value of $313,339.50. Following the transaction, the insider now owns 19,953 shares in the company, valued at approximately $1,785,793.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the completion of the sale, the chief executive officer now directly owns 136,933 shares in the company, valued at approximately $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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