First Bancorp Inc ME Has $1.25 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

First Bancorp Inc ME lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,551 shares of the company’s stock after selling 457 shares during the period. Procter & Gamble comprises about 1.0% of First Bancorp Inc ME’s portfolio, making the stock its 21st biggest holding. First Bancorp Inc ME’s holdings in Procter & Gamble were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its position in Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter worth $3,752,321,000. Morgan Stanley grew its position in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Barclays PLC grew its position in shares of Procter & Gamble by 118.1% in the 2nd quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after buying an additional 3,429,929 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PG. Royal Bank of Canada upped their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Wells Fargo & Company upped their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus upped their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.35.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

PG stock opened at $155.65 on Friday. The firm has a market cap of $366.25 billion, a PE ratio of 26.07, a P/E/G ratio of 3.19 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $159.46 and a 200-day moving average of $152.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same period in the prior year, the company posted $1.59 earnings per share. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.