Adirondack Trust Co. lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,710 shares of the company’s stock after selling 97 shares during the quarter. Procter & Gamble comprises 2.5% of Adirondack Trust Co.’s holdings, making the stock its 6th biggest position. Adirondack Trust Co.’s holdings in Procter & Gamble were worth $4,806,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PG. EWG Elevate Inc. bought a new stake in Procter & Gamble during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $30,000. Belmont Capital LLC boosted its position in shares of Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after acquiring an additional 110 shares in the last quarter. Align Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $50,000. Finally, Horizons Wealth Management acquired a new position in Procter & Gamble during the second quarter valued at approximately $52,000. 62.13% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Price Performance
Shares of NYSE:PG opened at $143.99 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The firm has a market cap of $339.69 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. The firm’s fifty day moving average is $141.31 and its 200-day moving average is $140.77.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is presently 64.04%.
Insiders Place Their Bets
In other news, insider Susan Street Whaley sold 709 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now owns 226,748 shares in the company, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on PG shares. Wells Fargo & Company reduced their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Raymond James lifted their target price on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Barclays dropped their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $155.27.
Procter & Gamble Company Profile
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Procter & Gamble (PG)
- What is the Consumer Staples Sector?
- What is a Consumer Staples Index Fund?
- Bitcoin Might Better Than Bitcoin Stocks and ETFs,
- GameStop Shares Surge On Surprise Profit
- Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
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.
