Bell Rock Capital LLC Sells 3,165 Shares of Procter & Gamble Co (PG)

Bell Rock Capital LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 22.9% in the 4th quarter, HoldingsChannel reports. The fund owned 10,655 shares of the company’s stock after selling 3,165 shares during the period. Bell Rock Capital LLC’s holdings in Procter & Gamble were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Gardiner Nancy B grew its holdings in Procter & Gamble by 22.2% during the 3rd quarter. Gardiner Nancy B now owns 18,091 shares of the company’s stock worth $1,505,000 after acquiring an additional 3,282 shares in the last quarter. Callahan Advisors LLC grew its holdings in Procter & Gamble by 2.9% during the 3rd quarter. Callahan Advisors LLC now owns 117,150 shares of the company’s stock worth $9,750,000 after acquiring an additional 3,296 shares in the last quarter. Somerset Trust Co grew its holdings in Procter & Gamble by 17.0% during the 3rd quarter. Somerset Trust Co now owns 16,273 shares of the company’s stock worth $1,354,000 after acquiring an additional 2,368 shares in the last quarter. Hemenway Trust Co LLC grew its holdings in Procter & Gamble by 0.5% during the 3rd quarter. Hemenway Trust Co LLC now owns 147,120 shares of the company’s stock worth $12,245,000 after acquiring an additional 733 shares in the last quarter. Finally, Hills Bank & Trust Co. grew its holdings in Procter & Gamble by 12.0% during the 3rd quarter. Hills Bank & Trust Co. now owns 83,236 shares of the company’s stock worth $6,928,000 after acquiring an additional 8,934 shares in the last quarter. 61.81% of the stock is owned by hedge funds and other institutional investors.

PG has been the topic of several recent research reports. Zacks Investment Research reiterated a “hold” rating and set a $102.00 target price on shares of Procter & Gamble in a report on Monday, December 31st. Barclays restated a “hold” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, January 8th. Bank of America restated a “buy” rating and issued a $108.00 price target on shares of Procter & Gamble in a report on Tuesday, January 8th. Evercore ISI initiated coverage on shares of Procter & Gamble in a report on Thursday, January 10th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $95.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $101.42.

Shares of Procter & Gamble stock opened at $105.86 on Monday. The company has a market capitalization of $266.87 billion, a P/E ratio of 25.09, a P/E/G ratio of 3.41 and a beta of 0.38. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $107.20.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion during the quarter, compared to analyst estimates of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. Procter & Gamble’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. Analysts expect that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $0.7459 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.

In related news, insider Mary Theresa Grabowski sold 19,049 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $94.90, for a total value of $1,807,750.10. Following the completion of the transaction, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,980,657.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Taylor sold 30,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the transaction, the chief executive officer now directly owns 256,088 shares of the company’s stock, valued at $26,889,240. The disclosure for this sale can be found here. Insiders sold a total of 2,297,657 shares of company stock valued at $227,871,126 over the last ninety days. 1.84% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Bell Rock Capital LLC Sells 3,165 Shares of Procter & Gamble Co (PG)” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://sportsperspectives.com/2019/04/29/bell-rock-capital-llc-sells-3165-shares-of-procter-gamble-co-pg.html.

Procter & Gamble Profile

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.

Featured Article: What is a Call Option?

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 Co (NYSE:PG).

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

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