Adirondack Trust Co. trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,045 shares of the company’s stock after selling 695 shares during the quarter. Procter & Gamble accounts for 2.1% of Adirondack Trust Co.’s portfolio, making the stock its 9th largest position. Adirondack Trust Co.’s holdings in Procter & Gamble were worth $2,852,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Asset Planning Services Ltd. lifted its position in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble during the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble during the 3rd quarter worth about $125,000. Blume Capital Management Inc. lifted its position in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC bought a new stake in Procter & Gamble during the 3rd quarter worth about $173,000. 61.05% of the stock is currently owned by institutional investors.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $255,574.68. The disclosure for this sale can be found here. Insiders have sold a total of 114,011 shares of company stock worth $9,710,976 over the last 90 days. 0.35% of the stock is owned by company insiders.
Procter & Gamble Co (NYSE PG) opened at $79.86 on Tuesday. The firm has a market cap of $201,330.00, a PE ratio of 20.32, a PEG ratio of 2.50 and a beta of 0.58. Procter & Gamble Co has a 52 week low of $77.90 and a 52 week high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. research analysts predict that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.45%. Procter & Gamble’s dividend payout ratio is presently 70.23%.
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Procter & Gamble Company Profile
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.
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