Maple Capital Management Inc. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 34,243 shares of the company’s stock after selling 1,372 shares during the period. Maple Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $2,984,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) during the first quarter worth about $184,000. Finally, Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble Company (The) during the first quarter worth about $201,000. 59.69% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (PG) traded down 0.11% during midday trading on Friday, reaching $91.64. The company had a trading volume of 4,145,987 shares. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.08. The company has a 50-day moving average price of $88.98 and a 200-day moving average price of $88.90. The stock has a market capitalization of $233.68 billion, a price-to-earnings ratio of 16.38 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

COPYRIGHT VIOLATION NOTICE: “Maple Capital Management Inc. Sells 1,372 Shares of Procter & Gamble Company (The) (PG)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/11/maple-capital-management-inc-sells-1372-shares-of-procter-gamble-company-the-pg.html.

A number of equities analysts have issued reports on PG shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. Vetr raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price for the company in a report on Wednesday, April 26th. UBS AG reaffirmed a “buy” rating and issued a $102.00 target price (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Zacks Investment Research raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Tuesday, August 1st. Finally, Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus target price of $87.81.

In related news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders have sold 203,898 shares of company stock valued at $17,666,387 in the last ninety days. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.