Hemenway Trust Co LLC Buys 2,814 Shares of The Procter & Gamble Company (NYSE:PG)

Hemenway Trust Co LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,102 shares of the company’s stock after purchasing an additional 2,814 shares during the period. Procter & Gamble accounts for approximately 3.0% of Hemenway Trust Co LLC’s holdings, making the stock its 15th biggest position. Hemenway Trust Co LLC’s holdings in Procter & Gamble were worth $34,576,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth about $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on PG shares. Citigroup increased their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, BNP Paribas began coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $171.74.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $1.28 on Thursday, hitting $165.52. 5,831,456 shares of the company were exchanged, compared to its average volume of 6,522,896. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The stock’s 50 day moving average price is $166.07 and its 200 day moving average price is $159.94. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $390.65 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the company posted $1.37 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last 90 days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.