Haverford Trust Co. Sells 1,743 Shares of Procter & Gamble Co (NYSE:PG)

Haverford Trust Co. cut its holdings in Procter & Gamble Co (NYSE:PG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 228,919 shares of the company’s stock after selling 1,743 shares during the quarter. Haverford Trust Co.’s holdings in Procter & Gamble were worth $28,473,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Bath Savings Trust Co boosted its holdings in Procter & Gamble by 12.1% in the second quarter. Bath Savings Trust Co now owns 35,968 shares of the company’s stock valued at $3,944,000 after acquiring an additional 3,872 shares during the last quarter. Park National Corp OH boosted its holdings in Procter & Gamble by 4.0% in the second quarter. Park National Corp OH now owns 358,112 shares of the company’s stock valued at $39,267,000 after acquiring an additional 13,646 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in shares of Procter & Gamble by 6.9% during the second quarter. Baystate Wealth Management LLC now owns 8,605 shares of the company’s stock worth $951,000 after purchasing an additional 552 shares in the last quarter. Winfield Associates Inc. lifted its stake in shares of Procter & Gamble by 35.9% during the second quarter. Winfield Associates Inc. now owns 1,169 shares of the company’s stock worth $128,000 after purchasing an additional 309 shares in the last quarter. Finally, Swedbank lifted its stake in shares of Procter & Gamble by 0.4% during the second quarter. Swedbank now owns 1,317,083 shares of the company’s stock worth $144,419,000 after purchasing an additional 5,185 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE PG traded up $0.08 during midday trading on Friday, reaching $119.70. 4,181,176 shares of the company’s stock were exchanged, compared to its average volume of 7,798,948. Procter & Gamble Co has a 52-week low of $86.74 and a 52-week high of $125.77. The stock has a market capitalization of $296.51 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The business’s fifty day moving average price is $121.95 and its two-hundred day moving average price is $115.01.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts predict that Procter & Gamble Co will post 4.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s payout ratio is 65.93%.

A number of research analysts have commented on the company. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Macquarie boosted their price objective on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. SunTrust Banks boosted their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their price objective on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus set a $117.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $115.00.

In related news, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total value of $207,134.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total value of $16,712,928.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,645,966 shares of company stock worth $202,229,770. Corporate insiders own 1.75% of the company’s stock.

About Procter & Gamble

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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