Penobscot Investment Management Company Inc. Sells 3,881 Shares of The Procter & Gamble Company (NYSE:PG)

Penobscot Investment Management Company Inc. reduced its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,020 shares of the company's stock after selling 3,881 shares during the period. Procter & Gamble comprises about 1.2% of Penobscot Investment Management Company Inc.'s holdings, making the stock its 21st largest holding. Penobscot Investment Management Company Inc.'s holdings in Procter & Gamble were worth $12,745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PG. Lakeridge Wealth Management LLC increased its stake in shares of Procter & Gamble by 0.6% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after acquiring an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC grew its stake in Procter & Gamble by 3.2% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after purchasing an additional 62 shares in the last quarter. Tevis Investment Management increased its position in Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after purchasing an additional 65 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Procter & Gamble by 3.3% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after purchasing an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock valued at $970,000 after buying an additional 66 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PG shares. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.82.

Procter & Gamble Stock Performance

PG stock traded down $0.58 during trading on Friday, reaching $168.13. 3,006,678 shares of the stock were exchanged, compared to its average volume of 7,697,393. The stock has a 50 day simple moving average of $168.47 and a 200-day simple moving average of $169.46. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $394.23 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 earnings per share. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble's payout ratio is currently 64.01%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.