SevenBridge Financial Group LLC Grows Holdings in The Procter & Gamble Company (NYSE:PG)

SevenBridge Financial Group LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,478 shares of the company’s stock after acquiring an additional 310 shares during the quarter. The Procter & Gamble makes up 1.4% of SevenBridge Financial Group LLC’s holdings, making the stock its 21st biggest position. SevenBridge Financial Group LLC’s holdings in The Procter & Gamble were worth $3,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC lifted its position in The Procter & Gamble by 0.9% during the fourth quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock worth $1,140,000 after buying an additional 75 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of The Procter & Gamble by 0.4% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,818 shares of the company’s stock valued at $2,479,000 after buying an additional 78 shares in the last quarter. West Oak Capital LLC grew its stake in shares of The Procter & Gamble by 0.5% in the first quarter. West Oak Capital LLC now owns 17,650 shares of the company’s stock valued at $2,390,000 after buying an additional 80 shares in the last quarter. Moseley Investment Management Inc. grew its stake in shares of The Procter & Gamble by 1.0% in the first quarter. Moseley Investment Management Inc. now owns 8,203 shares of the company’s stock valued at $1,111,000 after buying an additional 81 shares in the last quarter. Finally, West Coast Financial LLC grew its stake in shares of The Procter & Gamble by 2.1% in the fourth quarter. West Coast Financial LLC now owns 4,026 shares of the company’s stock valued at $560,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.

A number of brokerages have recently weighed in on PG. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut The Procter & Gamble from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $165.00 to $150.00 in a research note on Wednesday. Morgan Stanley dropped their price objective on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup cut The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday. Independent Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research note on Friday, January 22nd. Finally, Stifel Nicolaus lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a report on Thursday, January 28th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $148.93.

Shares of NYSE PG opened at $136.85 on Thursday. The company has a market capitalization of $336.99 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The business has a 50-day moving average of $132.11 and a two-hundred day moving average of $135.31. The Procter & Gamble Company has a 1 year low of $111.25 and a 1 year high of $146.92.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The Procter & Gamble’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be issued a $0.8698 dividend. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, April 22nd. The Procter & Gamble’s payout ratio is presently 61.72%.

In related news, CFO Jon R. Moeller sold 6,536 shares of the business’s stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $822,032.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 1,811 shares of the business’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $227,769.47. The disclosure for this sale can be found here. Insiders sold a total of 534,675 shares of company stock valued at $68,687,622 over the last three months. Company insiders own 0.70% of the company’s stock.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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