Pegasus Partners Ltd. Sells 520 Shares of Procter & Gamble Co (PG)

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Pegasus Partners Ltd. cut its position in Procter & Gamble Co (NYSE:PG) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,795 shares of the company’s stock after selling 520 shares during the quarter. Pegasus Partners Ltd.’s holdings in Procter & Gamble were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bath Savings Trust Co raised its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after buying an additional 110 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 0.7% during the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock worth $1,516,000 after buying an additional 115 shares in the last quarter. San Francisco Sentry Investment Group CA raised its holdings in shares of Procter & Gamble by 1.0% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock worth $1,081,000 after buying an additional 115 shares in the last quarter. Meritage Portfolio Management raised its holdings in shares of Procter & Gamble by 2.6% during the 4th quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock worth $428,000 after buying an additional 116 shares in the last quarter. Finally, Cottage Street Advisors LLC raised its holdings in shares of Procter & Gamble by 1.7% during the 4th quarter. Cottage Street Advisors LLC now owns 7,014 shares of the company’s stock worth $645,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 61.11% of the company’s stock.

In related news, insider Carolyn M. Tastad sold 25,645 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $106.08, for a total transaction of $2,720,421.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 26,891 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total value of $2,859,051.12. Following the sale, the vice president now owns 51,323 shares in the company, valued at approximately $5,456,661.36. The disclosure for this sale can be found here. Insiders sold a total of 307,091 shares of company stock worth $32,383,647 in the last quarter. Corporate insiders own 1.84% of the company’s stock.

NYSE PG opened at $106.69 on Friday. Procter & Gamble Co has a 12 month low of $72.80 and a 12 month high of $108.68. The stock has a market capitalization of $268.97 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 3.43 and a beta of 0.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The firm had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Procter & Gamble Co will post 4.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, April 17th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s payout ratio is 70.62%.

A number of equities research analysts recently weighed in on PG shares. UBS Group boosted their price objective on Procter & Gamble to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Credit Suisse Group started coverage on Procter & Gamble in a research report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price objective on the stock. Barclays upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $94.00 to $112.00 in a research report on Wednesday, April 24th. Wells Fargo & Co upgraded Procter & Gamble from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $78.00 to $115.00 in a research report on Monday, April 8th. Finally, Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $101.42.

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Procter & Gamble Profile

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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