Bar Harbor Wealth Management Has $13.21 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Bar Harbor Wealth Management decreased its position in The Procter & Gamble Company (NYSE:PG) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,241 shares of the company’s stock after selling 2,255 shares during the quarter. Bar Harbor Wealth Management’s holdings in Procter & Gamble were worth $13,205,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ballast Inc. lifted its stake in shares of Procter & Gamble by 0.8% in the 3rd quarter. Ballast Inc. now owns 15,832 shares of the company’s stock valued at $2,742,000 after purchasing an additional 129 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in shares of Procter & Gamble by 5.3% during the 3rd quarter. Ellsworth Advisors LLC now owns 3,935 shares of the company’s stock valued at $682,000 after acquiring an additional 199 shares during the last quarter. Vista Investment Partners LLC boosted its position in Procter & Gamble by 26.8% during the third quarter. Vista Investment Partners LLC now owns 14,500 shares of the company’s stock worth $2,511,000 after purchasing an additional 3,069 shares during the period. Trust Co. of Vermont grew its holdings in Procter & Gamble by 9.0% during the third quarter. Trust Co. of Vermont now owns 167,697 shares of the company’s stock valued at $29,045,000 after purchasing an additional 13,799 shares during the last quarter. Finally, Cardinal Capital Management lifted its stake in shares of Procter & Gamble by 1.4% in the third quarter. Cardinal Capital Management now owns 53,674 shares of the company’s stock worth $9,296,000 after buying an additional 742 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 383,194 shares of company stock worth $65,140,718 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup increased their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $176.21.

Procter & Gamble Stock Down 0.1 %

PG opened at $172.24 on Friday. The firm has a market cap of $406.51 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm’s 50-day simple moving average is $171.75 and its 200-day simple moving average is $167.04. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is 65.69%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.