The Procter & Gamble Company (NYSE:PG) Shares Sold by Community Bank N.A.

Community Bank N.A. reduced its stake in The Procter & Gamble Company (NYSE:PG) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,747 shares of the company’s stock after selling 632 shares during the period. Procter & Gamble makes up approximately 1.2% of Community Bank N.A.’s portfolio, making the stock its 17th biggest position. Community Bank N.A.’s holdings in Procter & Gamble were worth $9,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Ascent Group LLC grew its stake in shares of Procter & Gamble by 2.1% in the third quarter. Ascent Group LLC now owns 62,207 shares of the company’s stock valued at $10,774,000 after buying an additional 1,287 shares in the last quarter. Benjamin Edwards Inc. grew its position in Procter & Gamble by 1,730.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 162,254 shares of the company’s stock valued at $28,109,000 after acquiring an additional 153,391 shares in the last quarter. Atom Investors LP grew its position in Procter & Gamble by 56.8% in the 3rd quarter. Atom Investors LP now owns 23,117 shares of the company’s stock valued at $4,004,000 after acquiring an additional 8,375 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth about $659,000. Finally, B&L Asset Management LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at approximately $4,299,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.1 %

PG stock opened at $179.26 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a market cap of $422.16 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.86 and a beta of 0.42. The business has a fifty day simple moving average of $170.48 and a 200-day simple moving average of $169.11. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.25%. Procter & Gamble’s payout ratio is 69.48%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,233 shares of company stock valued at $6,024,234. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their target price on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Finally, Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.