Cambridge Trust Co. Acquires 987 Shares of The Procter & Gamble Company (NYSE:PG)

Cambridge Trust Co. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 339,928 shares of the company’s stock after purchasing an additional 987 shares during the quarter. Procter & Gamble comprises about 2.3% of Cambridge Trust Co.’s holdings, making the stock its 6th biggest holding. Cambridge Trust Co.’s holdings in Procter & Gamble were worth $51,519,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PG. Axiom Financial Strategies LLC lifted its position in shares of Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares in the last quarter. AMI Investment Management Inc. raised its holdings in Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management raised its holdings in Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC acquired a new stake in Procter & Gamble in the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC raised its holdings in Procter & Gamble by 12.0% in the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the sale, the insider now owns 10,840 shares in the company, valued at approximately $1,537,328.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares in the company, valued at approximately $31,141,570.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the transaction, the insider now owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PG shares. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Raymond James raised their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Wolfe Research began coverage on shares of Procter & Gamble in a report on Monday, November 21st. They set an “outperform” rating and a $156.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

Procter & Gamble Trading Up 0.0 %

NYSE:PG opened at $142.93 on Friday. The company has a market capitalization of $337.19 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.90. The stock has a fifty day simple moving average of $141.73 and a 200-day simple moving average of $140.63.

Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s payout ratio is currently 64.04%.

Procter & Gamble Profile

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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 consists of shave care like female and male blades and razors, pre and post shave products, and appliances.