HM Payson & Co. reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 13.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 393,376 shares of the company’s stock after selling 63,480 shares during the quarter. Procter & Gamble accounts for approximately 1.3% of HM Payson & Co.’s portfolio, making the stock its 26th largest holding. HM Payson & Co.’s holdings in Procter & Gamble were worth $31,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $103,000. Twin Tree Management LP purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $144,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $154,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $157,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $171,000. Institutional investors own 59.54% of the company’s stock.

Shares of PG opened at $83.69 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The company has a market cap of $205.29 billion, a P/E ratio of 19.83, a PEG ratio of 2.62 and a beta of 0.58. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. equities analysts predict that Procter & Gamble Co will post 4.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Friday, July 20th were paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, July 19th. Procter & Gamble’s payout ratio is 68.01%.

Several brokerages have issued reports on PG. Deutsche Bank upped their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $78.00 price target on shares of Procter & Gamble in a report on Thursday. Morgan Stanley upped their price target on shares of Procter & Gamble from $80.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Finally, SunTrust Banks upped their price target on shares of Procter & Gamble to $80.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.79.

In related news, insider Gary A. Coombe sold 1,529 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $74.25, for a total transaction of $113,528.25. Following the transaction, the insider now owns 5,235 shares of the company’s stock, valued at $388,698.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ciserani Giovanni sold 12,034 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $77.41, for a total transaction of $931,551.94. Following the transaction, the insider now directly owns 63,062 shares in the company, valued at approximately $4,881,629.42. The disclosure for this sale can be found here. Insiders have sold 101,968 shares of company stock worth $8,189,479 in the last three months. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

See Also: Average Daily Trade Volume – What It Means In Stock Trading

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 Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.