Procter & Gamble Company (The) (PG) Stake Reduced by Peoples Financial Services CORP.

Peoples Financial Services CORP. lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 6.4% during the first quarter, Holdings Channel reports. The firm owned 65,985 shares of the company’s stock after selling 4,520 shares during the period. Procter & Gamble Company (The) accounts for about 3.5% of Peoples Financial Services CORP.’s portfolio, making the stock its 4th largest position. Peoples Financial Services CORP.’s holdings in Procter & Gamble Company (The) were worth $5,929,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Accident Compensation Corp increased its position in shares of Procter & Gamble Company (The) by 9.9% in the third quarter. Accident Compensation Corp now owns 51,186 shares of the company’s stock worth $4,594,000 after buying an additional 4,606 shares during the period. First Heartland Consultants Inc. increased its position in shares of Procter & Gamble Company (The) by 1.0% in the third quarter. First Heartland Consultants Inc. now owns 22,385 shares of the company’s stock worth $2,009,000 after buying an additional 211 shares during the period. Cutler Investment Counsel LLC increased its position in shares of Procter & Gamble Company (The) by 1.0% in the third quarter. Cutler Investment Counsel LLC now owns 74,159 shares of the company’s stock worth $6,656,000 after buying an additional 722 shares during the period. RGT Capital Management Ltd. acquired a new position in shares of Procter & Gamble Company (The) during the third quarter worth $7,794,000. Finally, ELCO Management Co. LLC acquired a new position in shares of Procter & Gamble Company (The) during the third quarter worth $893,000. 60.23% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

Shares of Procter & Gamble Company (NYSE PG) opened at 89.66 on Friday. The firm has a market cap of $229.32 billion, a P/E ratio of 16.48 and a beta of 0.65. The company’s 50-day moving average price is $87.26 and its 200-day moving average price is $87.64. Procter & Gamble Company has a 12 month low of $80.95 and a 12 month high of $92.00. Procter & Gamble Company (The) also was the target of some unusual options trading activity on Wednesday. Stock traders bought 2,865 call options on the stock. This is an increase of 821% compared to the average volume of 311 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. Procter & Gamble Company (The) had a net margin of 23.14% and a return on equity of 19.30%. The firm had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the previous year, the business posted $0.86 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Company will post $3.85 EPS for the current year.

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A number of equities analysts have weighed in on PG shares. Barclays PLC set a $93.00 price target on Procter & Gamble Company (The) and gave the stock a “hold” rating in a research report on Saturday, February 18th. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $88.80 price target on the stock in a research report on Thursday, February 23rd. Evercore ISI reissued an “underweight” rating on shares of Procter & Gamble Company (The) in a research report on Monday, February 27th. B. Riley downgraded Procter & Gamble Company (The) from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $106.00 to $91.00 in a research report on Monday, March 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $101.00 price target on shares of Procter & Gamble Company (The) in a research report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $92.90.

In related news, insider Steven D. Bishop sold 2,668 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the transaction, the insider now directly owns 43,608 shares in the company, valued at approximately $3,808,722.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,891 shares of company stock valued at $17,276,637. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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