Peoples Financial Services CORP. Sells 1,373 Shares of The Procter & Gamble Company (NYSE:PG)
Peoples Financial Services CORP. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,628 shares of the company’s stock after selling 1,373 shares during the period. The Procter & Gamble comprises about 3.0% of Peoples Financial Services CORP.’s holdings, making the stock its 5th biggest position. Peoples Financial Services CORP.’s holdings in The Procter & Gamble were worth $6,488,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Newfound Research LLC purchased a new stake in shares of The Procter & Gamble in the 3rd quarter worth about $29,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of The Procter & Gamble in the third quarter valued at about $32,000. IMA Wealth Inc. grew its position in shares of The Procter & Gamble by 36.0% in the third quarter. IMA Wealth Inc. now owns 302 shares of the company’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Sageworth Trust Co increased its stake in shares of The Procter & Gamble by 1,875.0% during the 3rd quarter. Sageworth Trust Co now owns 395 shares of the company’s stock worth $55,000 after purchasing an additional 375 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of The Procter & Gamble by 32.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 559 shares of the company’s stock worth $78,000 after purchasing an additional 137 shares in the last quarter. 62.81% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on PG. Deutsche Bank Aktiengesellschaft raised their price target on The Procter & Gamble from $150.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Truist upped their price objective on The Procter & Gamble from $125.00 to $150.00 in a research report on Monday, October 19th. Wells Fargo & Company began coverage on The Procter & Gamble in a research report on Monday, December 7th. They issued an “overweight” rating and a $160.00 price objective on the stock. Royal Bank of Canada restated a “neutral” rating and issued a $128.00 price objective on shares of The Procter & Gamble in a research report on Tuesday, October 20th. Finally, Smith Barney Citigroup raised their price objective on The Procter & Gamble from $159.00 to $165.00 in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $145.69.
Shares of PG stock traded down $0.84 on Tuesday, reaching $137.01. 213,438 shares of the stock were exchanged, compared to its average volume of 7,935,471. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The stock has a market cap of $339.73 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. The firm has a 50 day moving average of $138.06 and a two-hundred day moving average of $135.63. The Procter & Gamble Company has a 1-year low of $94.34 and a 1-year high of $146.92.
The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.21. The firm had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $18.38 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, equities research analysts predict that The Procter & Gamble Company will post 5.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Investors of record on Friday, January 22nd will be given a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.31%. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.
In related news, Director Nelson Peltz sold 306,567 shares of the company’s stock in a transaction on Monday, November 30th. The shares were sold at an average price of $137.31, for a total transaction of $42,094,714.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen B. Fish sold 34,513 shares of the stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $140.00, for a total value of $4,831,820.00. Following the completion of the sale, the insider now owns 48,683 shares of the company’s stock, valued at $6,815,620. The disclosure for this sale can be found here. Insiders sold 663,635 shares of company stock worth $93,052,467 in the last 90 days. 0.70% of the stock is currently owned by insiders.
The Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
Featured Article: When can a hold rating present a buying opportunity?
Receive News & Ratings for The Procter & Gamble Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Procter & Gamble and related companies with MarketBeat.com’s FREE daily email newsletter.
