Ledyard National Bank Has $15.05 Million Stake in The Procter & Gamble Company (NYSE:PG)

Ledyard National Bank cut its position in The Procter & Gamble Company (NYSE:PG) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 89,745 shares of the company’s stock after selling 922 shares during the period. Procter & Gamble comprises about 1.4% of Ledyard National Bank’s portfolio, making the stock its 18th biggest holding. Ledyard National Bank’s holdings in Procter & Gamble were worth $15,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its position in Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after acquiring an additional 1,466,115 shares during the period. Brookstone Capital Management grew its position in shares of Procter & Gamble by 1.6% during the 3rd quarter. Brookstone Capital Management now owns 62,212 shares of the company’s stock worth $10,775,000 after purchasing an additional 953 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Procter & Gamble by 16.2% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,872 shares of the company’s stock worth $1,190,000 after purchasing an additional 960 shares during the period. CWM LLC raised its position in shares of Procter & Gamble by 4.2% in the third quarter. CWM LLC now owns 476,257 shares of the company’s stock valued at $82,488,000 after buying an additional 19,121 shares in the last quarter. Finally, Abner Herrman & Brock LLC boosted its stake in shares of Procter & Gamble by 3.4% in the third quarter. Abner Herrman & Brock LLC now owns 39,827 shares of the company’s stock valued at $6,898,000 after buying an additional 1,316 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PG shares. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group reduced their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Stock Performance

Shares of PG stock opened at $168.96 on Friday. The firm has a market capitalization of $396.18 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.73 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $167.74 and its 200-day moving average price is $169.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the company earned $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Procter & Gamble 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.