Bar Harbor Trust Services Acquires 411 Shares of The Procter & Gamble Company (NYSE:PG)

Bar Harbor Trust Services grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,270 shares of the company’s stock after acquiring an additional 411 shares during the quarter. Bar Harbor Trust Services’ holdings in The Procter & Gamble were worth $1,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PG. OLD Mission Capital LLC bought a new stake in The Procter & Gamble in the 3rd quarter worth approximately $349,000. Sowell Financial Services LLC lifted its position in The Procter & Gamble by 0.3% in the 1st quarter. Sowell Financial Services LLC now owns 42,505 shares of the company’s stock worth $5,744,000 after buying an additional 122 shares during the last quarter. Kingfisher Capital LLC lifted its position in The Procter & Gamble by 1.7% in the 1st quarter. Kingfisher Capital LLC now owns 9,090 shares of the company’s stock worth $1,231,000 after buying an additional 152 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in The Procter & Gamble by 1.5% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 12,921 shares of the company’s stock worth $1,750,000 after buying an additional 187 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its position in The Procter & Gamble by 2.6% in the 1st quarter. Alberta Investment Management Corp now owns 534,717 shares of the company’s stock worth $72,417,000 after buying an additional 13,600 shares during the last quarter. Hedge funds and other institutional investors own 62.51% of the company’s stock.

Shares of PG traded up $1.02 during mid-day trading on Tuesday, hitting $143.91. 210,843 shares of the company’s stock traded hands, compared to its average volume of 8,002,793. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $121.54 and a 1 year high of $147.23. The firm has a market capitalization of $349.46 billion, a P/E ratio of 26.03, a PEG ratio of 3.47 and a beta of 0.43. The business’s 50-day moving average price is $142.44 and its 200-day moving average price is $137.21.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The firm had revenue of $18.95 billion for the quarter, compared to analysts’ expectations of $18.38 billion. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 23rd were paid a $0.8698 dividend. This represents a $3.48 annualized dividend and a yield of 2.42%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, July 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.48%.

In related news, CFO Andre Schulten sold 1,010 shares of the company’s stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of $144.37, for a total value of $145,813.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael G. Homan sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $144.04, for a total value of $1,440,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 748,024 shares of company stock worth $106,760,698. 0.51% of the stock is owned by insiders.

PG has been the subject of a number of recent research reports. Citigroup boosted their target price on The Procter & Gamble from $150.00 to $154.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Truist Securities lifted their price target on The Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, August 2nd. Royal Bank of Canada lifted their price target on The Procter & Gamble from $130.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Monday, August 2nd. Erste Group raised The Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, August 20th. Finally, Credit Suisse Group lifted their price target on The Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 2nd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.63.

The Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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