Tompkins Financial Corp Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Tompkins Financial Corp lessened its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,289 shares of the company’s stock after selling 864 shares during the quarter. Tompkins Financial Corp’s holdings in Procter & Gamble were worth $8,322,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG traded up $1.06 during trading hours on Wednesday, hitting $168.56. 5,112,634 shares of the stock were exchanged, compared to its average volume of 5,062,846. The company has a market cap of $397.83 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The stock has a 50-day moving average of $164.09 and a 200 day moving average of $157.83. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Ratings Changes

Several research firms have commented on PG. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Argus boosted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Get Our Latest Analysis on Procter & Gamble

Insider Activity

In other news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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