The Procter & Gamble Company (NYSE:PG) Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.3% in the fourth quarter, Holdings Channel reports. The fund owned 21,586 shares of the company’s stock after selling 275 shares during the period. Procter & Gamble accounts for about 0.9% of Bank of New Hampshire’s portfolio, making the stock its 28th largest holding. Bank of New Hampshire’s holdings in Procter & Gamble were worth $3,619,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fiera Capital Corp lifted its stake in shares of Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after purchasing an additional 19,013 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Procter & Gamble by 391.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 289,175 shares of the company’s stock worth $477,000 after purchasing an additional 230,374 shares during the period. Chris Bulman Inc purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $68,000. Adapt Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 22.7% in the 2nd quarter. Adapt Wealth Advisors LLC now owns 2,560 shares of the company’s stock valued at $422,000 after buying an additional 474 shares during the period. Finally, Quest Partners LLC acquired a new position in Procter & Gamble in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Wells Fargo & Company lifted their target price on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Price Performance

Shares of PG stock traded up $1.46 during trading hours on Tuesday, hitting $162.06. The company’s stock had a trading volume of 732,199 shares, compared to its average volume of 5,015,155. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The stock has a market cap of $381.66 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 3.70 and a beta of 0.45. The business has a fifty day moving average of $170.03 and a 200-day moving average of $169.80.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.