Ledyard National Bank lessened its holdings in Procter & Gamble Co (NYSE:PG) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 108,888 shares of the company’s stock after selling 2,131 shares during the quarter. Procter & Gamble accounts for approximately 1.0% of Ledyard National Bank’s holdings, making the stock its 24th largest holding. Ledyard National Bank’s holdings in Procter & Gamble were worth $9,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Midwest Bank Trust Division lifted its holdings in shares of Procter & Gamble by 1.0% during the third quarter. First Midwest Bank Trust Division now owns 62,436 shares of the company’s stock worth $5,196,000 after purchasing an additional 607 shares during the period. Ridgewood Investments LLC lifted its holdings in shares of Procter & Gamble by 14.1% during the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock worth $394,000 after purchasing an additional 623 shares during the period. ELM Advisors LLC lifted its holdings in shares of Procter & Gamble by 9.3% during the third quarter. ELM Advisors LLC now owns 7,293 shares of the company’s stock worth $607,000 after purchasing an additional 623 shares during the period. Baystate Wealth Management LLC lifted its holdings in Procter & Gamble by 7.8% in the third quarter. Baystate Wealth Management LLC now owns 8,656 shares of the company’s stock valued at $705,000 after acquiring an additional 625 shares during the period. Finally, Dumont & Blake Investment Advisors LLC lifted its holdings in Procter & Gamble by 3.6% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 18,578 shares of the company’s stock valued at $1,546,000 after acquiring an additional 651 shares during the period. 58.62% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble stock opened at $91.77 on Monday. The company has a market capitalization of $229.29 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $96.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. As a group, equities analysts predict that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 18th will be given a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
In other news, insider Juan Fernando Posada sold 1,068 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the completion of the sale, the insider now directly owns 26,739 shares in the company, valued at $2,504,374.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total value of $21,031,791.40. Following the sale, the insider now owns 209,033 shares of the company’s stock, valued at $19,205,952.04. The disclosure for this sale can be found here. Insiders sold 502,927 shares of company stock valued at $46,437,282 over the last 90 days. Company insiders own 1.84% of the company’s stock.
PG has been the subject of a number of analyst reports. Macquarie boosted their price target on Procter & Gamble from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Monday, October 22nd. Societe Generale set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Tuesday, October 23rd. TD Securities reissued a “hold” rating on shares of Procter & Gamble in a report on Thursday, November 8th. UBS Group boosted their price target on Procter & Gamble from $82.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $92.26.
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.
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