Procter & Gamble Co (PG) Holdings Cut by Cambridge Trust Co.

Cambridge Trust Co. lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 84,110 shares of the company’s stock after selling 4,415 shares during the quarter. Cambridge Trust Co.’s holdings in Procter & Gamble were worth $6,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PG. BlackRock Inc. grew its stake in Procter & Gamble by 1.9% during the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after acquiring an additional 2,961,408 shares in the last quarter. Yacktman Asset Management LP grew its stake in Procter & Gamble by 0.7% during the 2nd quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock valued at $1,209,015,000 after acquiring an additional 105,318 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Procter & Gamble by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock valued at $1,105,148,000 after acquiring an additional 1,089,316 shares in the last quarter. Franklin Resources Inc. grew its stake in Procter & Gamble by 63.1% during the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after acquiring an additional 4,315,180 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Procter & Gamble by 9.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock valued at $864,242,000 after acquiring an additional 928,541 shares in the last quarter. Hedge funds and other institutional investors own 58.54% of the company’s stock.

In other news, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $83.20, for a total transaction of $860,454.40. Following the completion of the transaction, the insider now directly owns 16,382 shares in the company, valued at $1,362,982.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Price Matthew sold 11,626 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $82.00, for a total value of $953,332.00. Following the transaction, the insider now owns 27,496 shares of the company’s stock, valued at $2,254,672. The disclosure for this sale can be found here. Insiders have sold 83,640 shares of company stock valued at $6,947,345 in the last ninety days. Company insiders own 1.84% of the company’s stock.

Several equities analysts have weighed in on the company. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Citigroup boosted their price target on Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 22nd. UBS Group boosted their price target on Procter & Gamble from $82.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, October 22nd. SunTrust Banks boosted their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co boosted their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $87.66.

Shares of Procter & Gamble stock opened at $89.81 on Monday. The company has a market cap of $226.41 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $93.14.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts predict that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. The ex-dividend date is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.19%. Procter & Gamble’s payout ratio is currently 68.01%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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