The Adirondack Trust Co. Cuts Position in Procter & Gamble Co (PG)

The Adirondack Trust Co. Cuts Position in Procter & Gamble Co (PG)

A number of other institutional investors have also made changes to their positions in the stock. Aviva PLC raised its position in shares of Procter & Gamble Co by 3.7% in the fourth quarter. Aviva PLC now owns 1,968,906 shares of the company’s stock valued at $165,782,000 after buying an additional 70,171 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Procter & Gamble Co by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares in the last quarter. Accident Compensation Corp raised its position in shares of Procter & Gamble Co by 9.9% in the third quarter. Accident Compensation Corp now owns 51,186 shares of the company’s stock valued at $4,594,000 after buying an additional 4,606 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Procter & Gamble Co during the fourth quarter valued at $277,000. Finally, Burney Co. raised its position in shares of Procter & Gamble Co by 24.0% in the fourth quarter. Burney Co. now owns 142,900 shares of the company’s stock valued at $12,015,000 after buying an additional 27,674 shares in the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.

Adirondack Trust Co. cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 35,041 shares of the company’s stock after selling 2,445 shares during the period. Procter & Gamble Co accounts for approximately 2.2% of Adirondack Trust Co.’s investment portfolio, making the stock its 9th largest position. Adirondack Trust Co.’s holdings in Procter & Gamble Co were worth $3,149,000 at the end of the most recent reporting period.

Shares of Procter & Gamble Co (PG) opened at 88.59 on Monday. Procter & Gamble Co has a 12 month low of $80.95 and a 12 month high of $92.00. The stock’s 50 day moving average is $87.40 and its 200 day moving average is $87.26. The company has a market cap of $226.58 billion, a P/E ratio of 16.29 and a beta of 0.64.

Procter & Gamble Co (NYSE:PG) last released its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.02. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter in the previous year, the company earned $0.86 EPS. Procter & Gamble Co’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Procter & Gamble Co will post $3.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Wednesday, April 19th. This is an increase from Procter & Gamble Co’s previous quarterly dividend of $0.67. Procter & Gamble Co’s payout ratio is presently 48.73%. Several equities analysts recently weighed in on PG shares. Jefferies Group LLC restated a “buy” rating and issued a $101.00 price objective on shares of Procter & Gamble Co in a report on Thursday, March 16th. Zacks Investment Research lowered shares of Procter & Gamble Co from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Vetr lowered shares of Procter & Gamble Co from a “hold” rating to a “sell” rating and set a $87.23 target price on the stock. in a report on Monday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of Procter & Gamble Co in a report on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 target price on the stock. Finally, Evercore ISI reiterated an “underweight” rating on shares of Procter & Gamble Co in a report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble Co presently has a consensus rating of “Hold” and an average price target of $92.90.

In related news, insider Steven D. Bishop sold 2,668 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $87.34, for a total transaction of $233,023.12. Following the transaction, the insider now owns 43,608 shares in the company, valued at approximately $3,808,722.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. Insiders have sold a total of 199,891 shares of company stock worth $17,276,637 in the last quarter. 0.35% of the stock is owned by corporate insiders. About Procter & Gamble Co

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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