Citizens & Northern Corp Sells 277 Shares of The Procter & Gamble Company (NYSE:PG)

Citizens & Northern Corp lowered its stake in The Procter & Gamble Company (NYSE:PG) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,778 shares of the company’s stock after selling 277 shares during the quarter. Procter & Gamble makes up 0.9% of Citizens & Northern Corp’s portfolio, making the stock its 23rd biggest holding. Citizens & Northern Corp’s holdings in Procter & Gamble were worth $2,932,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Ruedi Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth about $34,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock valued at $63,829,141 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $171.54 on Friday. The company has a market capitalization of $404.86 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The company’s fifty day moving average price is $167.48 and its 200-day moving average price is $164.08. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last announced its quarterly 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 business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.35%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Citigroup increased their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Royal Bank of Canada lifted their price target on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Barclays cut their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.79.

About Procter & Gamble

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.