The Procter & Gamble Company (NYSE:PG) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its stake in The Procter & Gamble Company (NYSE:PG) by 1.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,081 shares of the company’s stock after selling 835 shares during the quarter. Tompkins Financial Corp’s holdings in Procter & Gamble were worth $8,535,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC increased its holdings in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after buying an additional 1,267,419 shares during the period. Norges Bank purchased a new position in Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.7%

PG opened at $168.53 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a market cap of $395.12 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a 50-day moving average price of $164.21 and a 200 day moving average price of $167.36.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the business posted $1.52 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PG shares. Raymond James reduced their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Piper Sandler lifted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.52.

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 and Home Care, and Baby, Feminine and 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.